Three Turkish mills cut ship scrap purchase prices, range narrows

Wednesday, 24 June 2020 14:30:28 (GMT+3)   |   Istanbul

Three mills in Turkey’s Izmir region have reduced their ship scrap purchase prices by $2-5/mt today, June 24, while the remaining mill has kept its prices unchanged. As a result, ship scrap purchase quotations in Turkey have decreased on both the upper and lower ends and are currently in the range of $250-255/mt, for delivery to mill by truck. The fall observed in the local Turkish ship scrap market is the result of the quietness on the import scrap side, market sources state.

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

250

-5

Habaş

255

-2

Ege Çelik

252

0

IDC

253

-2

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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