Turkey’s ship scrap market increases on the upper end

Wednesday, 10 August 2022 17:14:45 (GMT+3)   |   Istanbul

One Turkish steelmaker has raised its ship scrap procurement prices by $15/mt today, August 10. As a result, Turkey’s ship scrap market has settled at $370-405/mt for delivery to mill by truck. The mill in question has concluded less than the usual number of short sea scrap deals in past weeks and is rumored to have finished steel orders on hand, so it is trying to secure the scrap it needs.

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

405

+15

Habaş

370

0

Ege Çelik

390

0

İDÇ

370

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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