Today, April 18, two Turkish mills have further reduced their ship scrap procurement prices by $3-4/mt, pushing down the general range in Turkey from $495-632/mt recorded at the end of last week to $495-628/mt. The downward revision was anticipated due to the negative sentiment in the international scrap market and Turkish mills’ lack of finished steel sales which has started to be reflected in their official domestic offers as of today. The lower end of Turkey’s ship scrap prices is represented by Cebitas and has been stable since March 3.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Ozkan Demir Celik |
625 |
0 |
Habaş |
628 |
-4 |
Ege Çelik |
623 |
-3 |
IDC |
625 |
0 |
Cebitas |
495 |
0 |
All the above prices are for delivery to mill by truck.