Local Turkish ship scrap market records another significant rise

Friday, 18 December 2020 15:22:13 (GMT+3)   |   Istanbul

Some producers in Turkey’s Izmir region have raised their ship scrap purchase quotations significantly by $20/mt today, December 18, as compared to Monday, December 14, while two of them have decided to keep their quotations stable in this period. As a result, ship scrap prices have increased from levels of $388-400/mt to $388-420/mt. The main reason for this rise is the ongoing uptrend observed in the deep sea segment, which is supported by the positive sentiment in the international steel market.

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

Producer

Price ($/mt)

Price change ($/mt)

Ozkan Demir Celik

388

0

Habaş

420

+20

Ege Çelik

420

+20

IDC

420

+20

Cebitas

400

0

 

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

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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