Turkey’s ship scrap market moves up to $390/mt

Monday, 18 July 2022 11:52:53 (GMT+3)   |   Istanbul

As of today, July 18, one Izmir-based Turkish mill has increased its ship scrap procurement price by $20/mt as compared to the price in SteelOrbis’ report on July 7, with local ship scrap procurement prices now at $390/mt. The total increase observed in Turkey’s ship scrap market is $45-55/mt since the beginning of July, depending on the mill. Having returned from its week-long holiday, Turkey’s ship scrap market may see new price revisions in the coming period.

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

390

+20

Ege Çelik

390

+20

İDÇ

390

+20

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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