Two Turkish mills in the Izmir region have reduced their ship scrap purchase prices, while the other two local mills have kept them stable. As a result, the range of ship scrap purchase quotations in Turkey has moved down by $5-10/mt to $225-230/mt delivery to mill by truck. It is also noteworthy that the mills reducing their quotations today represented the higher end of the price range yesterday.
The expectations of a decrease in the import scrap market have impacted local ship scrap purchase prices, market sources report. However this is not the only reason for the fall observed in prices: market sources state that the decision to cut prices has been taken as a precaution against the accelerated daily flow to mills from the Aliaga region.
In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
Producer |
Price ($/mt) |
Price change ($/mt) |
Özkan Demir Çelik |
225 |
-15 |
Habaş |
230 |
0 |
Ege Çelik |
230 |
-10 |
IDC |
230 |
0 |
All the above prices are for delivery to mill by truck.
