In Turkey's Aliaga region - the only region in the country where ship scrapping is allowed - ship scrap purchase prices of local steelmakers which were at $290/mt ex-yard last week, have declined significantly over the past week to $230-265/mt ex-yard. Demand in the ship scrap market is currently at low levels as buyers are adopting a cautious approach to new deals.
The downward pressure on the global steel market caused by the declines seen in Chinese finished steel and semi-finished steel quotations is expected to continue in the coming week, while under these circumstances ship scrap prices in Turkey are also expected to fall further.
In Turkey's Aliaga region, ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Habas |
265 |
Ege Celik |
230 |
IDC |
245 |
Ozkan Demir Celik |
260 |
Cebitas Demir Celik |
245 |