Turkey’s ship scrap market increases sharply

Monday, 04 July 2022 16:48:46 (GMT+3)   |   Istanbul

As of today, July 4, Izmir-based Turkish mills have increased their ship scrap procurement prices by a sharp $10-35/mt, to secure the tonnages they need in the coming days. The general range is now at $355-370/mt, up from the $335-350/mt recorded on Friday, June 1. The total increase observed in Turkey’s ship scrap market is $10-35/mt since the beginning of July, depending on the mill.

Turkey’s ship scrap prices declined by a total of $115-130/mt in the month of June, and this recovery is considered slight for now, taking into account the month-on-month comparison.

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

370

35

Ege Çelik

370

20

İDÇ

355

10

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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