Turkey’s ship scrap market increases on the upper end

Thursday, 23 March 2023 17:30:25 (GMT+3)   |   Istanbul

One Izmir-based Turkish mill has increased its ship scrap procurement price by $2/mt week on week. The general price range is now at $435-454/mt for delivery to mill by truck, with only the upper end indicating a $2/mt rise on the upper end. While the total increase made by three Izmir-based mills has reached $2-27/mt since the beginning of March, a $20/mt reduction has been observed in İDÇ’s ship scrap procurement prices in this period. İDÇ still represents the lower end of prices. 

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 

452 

0 

Habaş 

452 

0 

Ege Çelik 

454 

+2 

İDÇ 

435 

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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