Today, June 10, Izmir-based mills have cut their ship scrap procurement prices further, by $5-10/mt. As a result, ship scrap prices in Turkey have settled at $400/mt, down from the range of $400-410/mt. “There is still flow to our scrap yards, but we are seeing some resistance from ship scrap suppliers. They are saying this price will not be workable for long,” an Izmir-based producer commented. The total decline in Turkey’s ship scrap market has reached $60-70/mt since the beginning of June. Only three Izmir-based producers still accept ship scrap, while the other two traditional buyers have been out of the market since May 11.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Özkan Demir Çelik |
400 |
-10 |
Ege Çelik |
400 |
0 |
İDÇ |
400 |
-5 |
All the above prices are for delivery to mill by truck.
