Sharp increase in Turkey’s ship scrap prices

Tuesday, 08 February 2022 13:46:18 (GMT+3)   |   Istanbul

Since SteelOrbis’ report published on February 4, Turkey’s ship scrap market has moved up with the support of higher deep sea scrap prices. The general price range is now at $465-490/mt, indicating a $10/mt rise on the upper end. Four out of five Izmir-based mills have revised their quotations upwards since February 4, while only Cebitas has kept its price stable and still represents the lower end of the price range at $465/mt delivery to mill by truck.

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

490

+15

Habaş

487

+7

Ege Çelik

490

+10

IDC

490

+10

Cebitas

465

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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