Turkey’s ship scrap market sinks by $13-20/mt week on week

Tuesday, 18 July 2023 14:21:41 (GMT+3)   |   Istanbul

Over the past week, Turkish mills have cut their ship scrap procurement prices by $13-20/mt due to decreasing deep sea and short sea scrap prices as well as the lack of steel demand in Turkey. Currently, the general price range is at $347-351/mt for delivery to mill by truck, with one of the Izmir-based mills deciding to stop accepting ship scrap for now.

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

-

-

Habaş

351

-20

Ege Çelik

347

-13

İDÇ

350

-15

All the above prices are for delivery to mill by truck.

AyçaÖzbay
Ayça Özbay
Editor
All Articles by the Author

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.

Similar articles

Turkey’s ship scrap prices increase along with other scrap grades

Turkish ship scrap market moves up slightly

Turkish ship scrap market consolidates at $358/mt

Turkish ship scrap market moves up slightly on upper end

Two Turkish mills hike ship scrap purchase prices

One Turkish mill increases its ship scrap purchase price

Turkey’s ship scrap purchase prices remain relatively stable

One Turkish mill increases its ship scrap purchase price

Turkey’s ship scrap prices move down

Turkey’s ship scrap prices fall further