Turkey’s ship scrap market recovers on upper end

Thursday, 10 August 2023 15:14:41 (GMT+3)   |   Istanbul

Turkish mills have revised their scrap procurement prices since August 4. One Izmir-based producer has cut its prices by $10/mt since then, while two mills increased their quotations by $7-10/mt. The general range is now at $335-348/mt from $330-345/mt, both for delivery to mill by truck. The increase on the upper end is the result of the relatively more positive mood in Turkey’s import scrap market. 

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 

345 

0 

Habaş 

340 

+10 

Ege Çelik 

348 

+7 

İDÇ 

335 

-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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