Since SteelOrbis’ report published on October 27, Izmir-based Turkish steel mills have cut their ship scrap procurement prices by $3-10/mt. The general range in Turkey’s ship scrap market has moved down to $345-357/mt for delivery to mill by truck. The silence in the deep and short sea scrap segments is taking its toll on the ship scrap market, while the lack of significant tonnages of rebar sales in the local Turkish market is not helping.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Özkan Demir Çelik |
350 |
-5 |
Habaş |
357 |
-3 |
Ege Çelik |
350 |
-7 |
İDÇ |
345 |
-10 |
All the above prices are for delivery to mill by truck.