Turkey’s ship scrap market settles at $365-370/mt

Monday, 20 June 2022 15:20:54 (GMT+3)   |   Istanbul

Over the past week, Izmir-based Turkish mills have reduced their ship scrap procurement prices further, by $10-15/mt, cutting their prices to $365-370/mt. The total decline in Turkey’s ship scrap market has reached $90-105/mt since the beginning of June. Since the downtrend of Turkey’s import scrap market is expected to continue, ship scrap prices may also decline further this week.

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

-10

Ege Çelik

365

-15

İDÇ

370

-15

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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