With today’s price increases announced by Izmir-based Turkish mills, the general range in Turkey’s ship scrap market has increased to $390-430/mt for delivery to mill by truck. The lower end has not changed due to İDÇ’s stable price strategy. The uptrend in Turkey’s ship scrap market started on December 27, while the total price rise has reached $13-60/mt since then. Currently, the upper end of ship scrap procurement prices is higher than deep sea scrap purchase prices in deals.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Özkan Demir Çelik |
430 |
+22 |
Habaş |
415 |
0 |
Ege Çelik |
430 |
+20 |
İDÇ |
390 |
0 |
All the above prices are for delivery to mill by truck.