Some Izmir-based Turkish mills have decreased their ship scrap purchase quotations by $5-10/mt today, March 19, while others have kept their prices stable. As a result, Turkish ship scrap purchase prices are now in the range of $405-420/mt, while most of the producers in question are now paying $410/mt for ship scrap. According to market sources, the scrap flow in the region has accelerated due to suppliers’ concerns that a further decrease will be seen in quotations.
Meanwhile, having increased by $30-35/mt at the beginning of the month, local ship scrap purchase prices have lost most of their gain in the recent decreases which have now totaled $25-40/mt, depending on the buyer.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
|
Producer |
Price ($/mt) |
Price change ($/mt) |
|
Ozkan Demir Celik |
410 |
0 |
|
Habaş |
420 |
0 |
|
Ege Çelik |
410 |
-5 |
|
IDC |
410 |
-5 |
|
Cebitas |
405 |
-10 |
All the above prices are for delivery to mill by truck.