Turkey’s ship scrap market remains stable

Thursday, 30 June 2022 13:35:01 (GMT+3)   |   Istanbul

As of today, June 30, one Izmir-based Turkish mill has reduced its ship scrap procurement price by $5/mt, while another has increased its price by $10/mt. The general range is still at $335-345/mt. The total decline in Turkey’s ship scrap market has recovered a little on the upper end to $115-130/mt since the beginning of June, depending on the mill. The positive sentiment in the deep sea segment may support ship scrap prices 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

335

-5

Ege Çelik

345

+10

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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