Turkish mill IDC increases ship scrap procurement price by $30/mt

Tuesday, 06 December 2022 14:52:35 (GMT+3)   |   Istanbul

Having waited longer than its competitors and kept its prices stable at $335/mt for a long time, Izmir-based Turkish steel producer IDC has finally decided to make a price revision, increasing its ship scrap procurement price by $30/mt to $365/mt CFR, while fellow-Izmir-based mill Ozkan Demir Celik raised its prices by just $5/mt. The general range in Turkey’s ship scrap market is now at $360-370/mt for delivery to mill by truck, with the lower end represented by Ozkan Demir Celik.

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

360

+5

Habaş

370

0

Ege Çelik

370

0

İDÇ

365

+30

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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