Turkey’s ship scrap market continues its uptrend

Wednesday, 16 August 2023 15:12:44 (GMT+3)   |   Istanbul

Today, August 16, one Turkish mill has increased its ship scrap procurement price again by $5/mt. The general range is now at $335-365/mt from $335-360/mt previously, both for delivery to mill by truck. The lower end of the ship scrap market is represented by İDÇ, an Izmir-based producer that has taken a step back from ship scrap purchases since the uptrend of prices started. Since August 10, the start of the price increase, Izmir based producers, excluding İDÇ, have increased their ship scrap prices by $7-20/mt.

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 

365

+5

Habaş 

347

0

Ege Çelik 

360

0

İDÇ 

335

0

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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