Turkey’s ship scrap prices start to move up

Monday, 06 November 2023 16:50:45 (GMT+3)   |   Istanbul

Two Izmir-based Turkish producers have increased their ship scrap procurement prices by $2-3/mt since last Friday, while others have kept their prices stable. The general range is now at $350-360/mt, compared to the previous range of $350-357/mt for delivery to mill by truck. A further uptrend in ship scrap prices seems possible since Turkey’s deep sea scrap prices have rebounded sharply.

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

355

0

Habaş 

360

+3

Ege Çelik 

357

+2

İDÇ 

350

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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