Since SteelOrbis’ report published on July 29, an Izmir-based Turkish mill has reduced its ship scrap procurement price by a further $5/mt, setting the general price range at $350-360/mt. The previous rebound in Turkey’s ship scrap market had ended on July 18, and since then prices have recorded a $30-35/mt decline. The pace of the decreasing trend has slowed down over the past week, and some market players expect ship scrap prices to record a small upward correction.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
|
Producer |
Price ($/mt) |
Price change ($/mt) |
|
Özkan Demir Çelik |
360 |
0 |
|
Ege Çelik |
350 |
-5 |
|
İDÇ |
360 |
0 |
All the above prices are for delivery to mill by truck.