Turkey’s ship scrap market increases on upper end

Friday, 01 July 2022 12:54:25 (GMT+3)   |   Istanbul

As of today, July 1, one Izmir-based Turkish mill has increased its ship scrap procurement price by $5/mt, while the other local mills have kept their prices stable. The general range has increased by $5/mt on the upper end from yesterday to $335-350/mt. The total decline in Turkey’s ship scrap market stands at $115-130/mt since the beginning of June, depending on the mill.

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

335

0

Ege Çelik

350

+5

İDÇ

345

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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