One Turkish mill returns to ship scrap market, price falls on lower end

As of today, May 16, Ozkan Demir Celik* has returned to Turkey’s ship scrap market. The mill had closed its ship scrap procurement almost ten days ago and the last price announced by the producer was $530/mt before stopping ship scrap purchases. The other two mills in the market have kept their ship scrap purchase prices stable today, May 16, with the general range now at $405-420/mt, $5/mt lower as compared to Friday, May 13. Sentiment remains negative in Turkey’s scrap market, but the Izmir-based mills have started to report that ship scrap flow to yards has slowed down significantly after the recent sharp declines in procurement prices.

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.