Turkey’s ship scrap market starts to move up as anticipated

Tuesday, 29 November 2022 15:36:37 (GMT+3)   |   Istanbul

As anticipated by SteelOrbis on its report published on November 28, Izmir-based Turkish steel mills have revised their ship scrap procurement prices upwards. The $5-7/mt revision is in line with the increases observed in the deep sea and short sea scrap segments and the uptrend may continue in the coming period. The general range in Turkey’s ship scrap market is now at $335-345/mt for delivery to mill by truck. 

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 

340 

+5 

Habaş 

345 

+7 

Ege Çelik 

345 

+5 

İDÇ 

335 

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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