As of today, May 13, there are still only two mills in Turkey’s ship scrap market accepting ship scrap in their yards. Their ship scrap procurement prices have moved down further by by $65-75/mt, with the general range now at $410-420/mt. Following the significant cut in ship scrap procurement prices, the flow to mills’ yards has come to a halt. A source from a mill said that, amid the absence of three mills in the region, prices have fallen to very low levels and the current quotations are not accepted by ship scrap sellers.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Ege Çelik |
455 |
-20 |
IDC |
465 |
-30 |
All the above prices are for delivery to mill by truck.
