Local ship scrap purchase prices have moved up again in Turkey’s Izmir region. On Friday, December 13, some Turkish mills have announced an increase of $4-5/mt in their ship scrap purchase prices depending on their scrap needs. As a result, ship scrap prices in the region are now at $300/mt CPT with only Cebitas giving the indicative level of $260/mt CPT because it is currently not interested in scrap purchases. Market players expect that Turkish mills in the Izmir region will take a pause for a while from revising their ship scrap purchase prices, as they will wait for deep sea import scrap quotations to reach and exceed $300/mt CFR in Turkey.
This week, steel producers in the Izmir region have increased ship scrap prices almost every day. As a result, prices have increased by $10-13/mt compared to Monday and by $15-20/mt compared to the level seen last Friday.
In Turkey's Aliaga region the ship scrap purchase prices of local steelmakers are as follows:
|
Producer |
Price ($/mt) |
Weekly change ($/mt) |
|
Özkan |
300 |
0 |
|
Habaş |
300 |
+4 |
|
Ege Çelik |
300 |
+5 |
|
İDÇ |
300 |
+4 |
|
Çebitaş |
260 |
0 |
All the above prices are for delivery to mill by truck.