Turkey’s ship scrap market continues its recovery

Since SteelOrbis’ report published on May 17, Turkey’s ship scrap market has recovered again, with prices of two mills increasing by $10/mt. The general range is now at $430-435/mt, up from the $420-430/mt. The sentiment in Turkey’s scrap market is changing, as market players start to believe the bottom of prices has already been reached or will be reached soon.

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows: 

All the above prices are for delivery to mill by truck.