Turkey’s ship scrap prices reach $400/mt on upper end

Friday, 06 January 2023 12:29:43 (GMT+3)   |   Istanbul

Three Turkish mills have increased their ship scrap purchase prices by $5-10/mt, with the general range in Turkey’s ship scrap market now at $385-395/mt for delivery to mill by truck, moving up from the $385-400/mt range recorded on January 5. The total increase in the ship scrap market amounts to $8-25/mt since the current uptrend began on December 23. Due to the sharp increase observed in the deep sea scrap segment, ship scrap procurement prices are mainly following the same trend and have the potential to move up further.

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

395

+5

Habaş

395

+10

Ege Çelik

395

+5

İDÇ

385

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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