Turkey’s ship scrap market starts week with a sideways movement

Monday, 26 July 2021 14:08:52 (GMT+3)   |   Istanbul

Turkey’s ship scrap market has mostly remained stable during the long holiday between July 15-26 and as of today the general price range in Turkey’s ship scrap market is still at $450-480/mt. However, towards the end of the last week an Izmir-based steel mill has decreased its ship scrap purchase prices by $1/mt at first and then reduced them $1/mt more. During the holiday, Turkish steel market has maintained its silence as well as the scrap segments. With market players returning from holiday, the first day of the week will be used to evaluate the situation and the pace of the flow in ship scrap market.

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows: 

Producer

Price ($/mt)

Price change ($/mt)

Ozkan Demir Celik

455

0

Habaş

480

0

Ege Çelik

453

-2

IDC

480

0

Cebitas

450

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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