Today, February 1, Izmir-based Turkish mills have reduced their ship scrap purchase quotations sharply by $5-12/mt as compared to the levels recorded on Friday, January 29. The general range of ship scrap purchase quotations in Turkey have moved down from $405-415/mt to $398-405/mt. The downtrend of the ship scrap market in Turkey is expected to continue as long as the negative sentiment in the deep sea scrap segment prevails.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Ozkan Demir Celik |
398 |
-12 |
Habaş |
405 |
-10 |
Ege Çelik |
400 |
-10 |
IDC |
400 |
-5 |
Cebitas |
400 |
-5 |
All the above prices are for delivery to mill by truck.