Turkish mills raise ship scrap procurement prices to secure tonnages

Thursday, 29 December 2022 14:53:14 (GMT+3)   |   Istanbul

Turkish mills have increased their ship scrap purchase prices by $4-7/mt to secure tonnages. The general range in Turkey’s ship scrap market is now at $375-381/mt for delivery to mill by truck, up from the $370-377/mt range recorded last Friday, December 23. The firm trend of and expectations of further rises in the deep and short sea scrap segments are providing support for ship scrap quotations. Depending on developments on the deep sea scrap side, ship scrap prices are set to move up again.

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

375

+5

Habaş

381

+4

Ege Çelik

381

+6

İDÇ

377

+7

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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