Turkish ship scrap market remains stable, Cebitas returns

The Turkish ship scrap market has remained stable today, March 30, as compared to yesterday, with one Izmir-based mill increasing its ship scrap purchase price by $2/mt. The other producers have kept their prices unchanged, while Cebitas has returned to the market with prices at $385/mt. Before Cebitas decided to halt its ship scrap purchases, the latest price announced by the mill was $405/mt on March 19. As a result, the general range of the prices in Turkish ship scrap market is still at $380-392/mt.

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows: 

All the above prices are for delivery to mill by truck. Price comparisons for Cebitas have not been shared as the steelmaker’s quotations were not included in the table published on March 29.