Turkey’s ship scrap market increases by another $5/mt

Tuesday, 15 August 2023 16:10:19 (GMT+3)   |   Istanbul

Two Turkish mills have increased their ship scrap procurement prices again, by $5-10/mt. The general range is now at $335-360/mt, up from $335-355/mt before, both for delivery to mill by truck. The recent increases recorded in the deep sea scrap segment are influencing ship scrap purchases, causing some mills to raise their ship scrap quotations to secure tonnages. This time the price revision has come from the two producers that usually use domestic scrap.

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 

+5 

Habaş  

347 

0 

Ege Çelik  

360 

+10 

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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