Turkey’s ship scrap quotations settle in very narrow range

Tuesday, 14 July 2020 14:00:16 (GMT+3)   |   Istanbul

Today, July 14, two steel mills in Turkey’s Izmir region have increased their ship scrap purchase prices by $3-5/mt, while the other two steelmakers in the region have kept their prices stable. As a result, ship scrap purchase quotations in Turkey have settled in a very narrow range at $250-251/mt, for delivery to mill by truck. This decision to increase ship scrap purchase prices came after the slight increase in the ex-US scrap prices disclosed to the market today.

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

Producer

Price ($/mt)

Price change ($/mt)

Ozkan Demir Celik

250

+5

Habaş

251

0

Ege Çelik

250

+3

IDC

250

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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