Turkey’s ship scrap prices move down on upper end

Steel mills in Turkey’s Izmir region have adjusted their ship scrap purchase prices in line with their need for scrap. While one producer has cut its price by $9/mt as compared to late September, another mill has decided to raise its price by $5/mt. The general price range is now $5/mt lower on the upper end and currently stands at $365-370/mt. The positive sentiment observed in the deep sea scrap segment has not been fully reflected in the ship scrap market yet. If the situation in China remains positive after the country’s week-long holiday, market sources believe that ship scrap prices in Turkey may move up a little.

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.