Turkey’s ship scrap market moves down on upper end

Monday, 09 August 2021 14:38:21 (GMT+3)   |   Istanbul

Since SteelOrbis’ previous report published on Tuesday, August 3, prices in Turkey’s ship scrap market have moved down on the upper end. Today, August 9, the general price range in Turkey’s ship scrap market is at $450-462/mt since the mills representing the previous upper end have decided to reduce their purchase prices. SteelOrbis had reported on August 3 that the $15-20/mt price gap in Izmir was making little difference in terms of scrap flow to producers, and so the decrease in quotations is not expected to have an impact on scrap flow.

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:

Producer

Price ($/mt)

Price change ($/mt)

Ozkan Demir Celik

455

0

Habaş

462

-8

Ege Çelik

455

0

IDC

450

-20

Cebitas

450

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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