Turkey’s ship scrap prices increase by $65/mt on lower end

The general range in Turkey’s ship scrap market has increased further as compared to Friday, February 24. Having represented the lower end of the price range since December 15, İDÇ has finally increased its ship scrap procurement prices. It has hiked its price by $65/mt, which now represents the upper end. With two other Izmir-based producers raising their prices by another $10-18/mt, now the general price range stands at $425-455/mt, up from last week’s $390-440/mt level, both for delivery to mill by truck. The total price increase in Turkey’s ship scrap market during February has now reached to $15-65/mt. The ship scrap market is following the lead of Turkey’s deep sea scrap segment. Due to the sharp rise observed on the deep sea scrap side, Turkish mills are raising their ship scrap quotations.

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

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