As of today, April 25, Turkey’s ship scrap market has continued its downtrend. Some Turkish mills have decreased their ship scrap procurement prices further by $5-20/mt, pushing down the general range from $495-612/mt recorded at the end of last week to $495-605/mt. With the ex-US HMS I/II 80:20 scrap prices recording a sharp decrease in a deal late on Friday, April 25, the downward revision has been reflected in the ship scrap market. The decreasing trend of Turkey’s ship scrap market started on April 14, and the total decrease has reached to $45-58/mt since then, depending on the mill. In the previous uptrend in March, Turkish mills had increased their ship scrap purchase prices by $30-155/mt during the March 3-April 1 period.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Ozkan Demir Celik |
590 |
-15 |
Habaş |
605 |
-7 |
Ege Çelik |
590 |
-5 |
IDC |
592 |
-20 |
Cebitas |
495 |
0 |
All the above prices are for delivery to mill by truck.
