Three Turkish mills increase ship scrap purchase prices

Friday, 17 July 2020 12:24:26 (GMT+3)   |   Istanbul

Today, July 17, three steel mills in Turkey’s Izmir region have increased their ship scrap purchase prices by $5/mt, while other steelmakers have kept their prices stable. As a result, ship scrap purchase quotations in Turkey have moved up to $250-256/mt, for delivery to mill by truck, indicating a very slight rise on the upper end.

The optimistic sentiment in the import scrap segment and the relatively livelier local finished steel sales in the Izmir region are impacting ship scrap purchase quotations, 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

0

Habaş

256

+5

Ege Çelik

255

+5

IDC

256

+1

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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