Izmir-based Turkish mill raises ship scrap purchase price by $12/mt

Since SteelOrbis’ report published on October 3, one of the mills based in Turkey’s Izmir region has increased its ship scrap procurement prices by $12/mt, exceeding the price levels of its competitors. After the announcement, other mills decided to increase their prices a little. Turkey’s ship scrap market has thereby increased to $355-357/mt from $345-357/mt for delivery to mill by truck. As Turkey’s import scrap market maintains its silence this week ahead of the IREPAS conference due to be held in Monaco on October 9-12, the gap between ship scrap prices and deep sea scrap prices which had previously widened is now narrowing.

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:

All the above prices are for delivery to mill by truck.