Today, March 18, ship scrap purchase prices in Turkey’s Izmir region have decreased further. After the $8-15/mt fall observed yesterday, prices have moved down by another $7-12/mt and settled at $243-252/mt, for delivery to mill by truck. It is notable that Turkish steel mill Izmir Demir Celik (IDC) has decided to suspend its ship scrap purchases. Also, Cebitas is still out of the market.
As a result, SteelOrbis understands that mills in the region are probably unwilling to carry high ship scrap invertories due to the vague outlook for the finished steel segment resulting from the more aggressive precautions taken against the coronavirus by several countries.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Özkan Demir Çelik |
250 |
-7 |
Habaş |
252 |
-8 |
Ege Çelik |
243 |
-12 |
All the above prices are for delivery to mill by truck.
