Three Izmir-based mills have continued to accept ship scrap flow into their yards in Turkey, where prices have decreased further today, June 2, by $7-10/mt in the prices of two of the mills. The general range is now at $440-445/mt, down from $445-452/mt recorded yesterday. The reduction announced by Ege Celik was initially higher but an upward revision was made in the afternoon, while IDC has kept its prices stable today. As a result, these two producers now represent the higher end of the market prices. Turkey’s ship scrap market is trying to find a balance between prices and flow after the recent downtrend observed in Turkey’s deep sea scrap segment.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Özkan Demir Çelik |
440 |
-10 |
Ege Çelik |
445 |
-7 |
İDÇ |
445 |
0 |
All the above prices are for delivery to mill by truck.
