Two more Turkish mills out of ship scrap market

Wednesday, 11 May 2022 17:33:30 (GMT+3)   |   Istanbul

As of today, May 11, Turkish mills Ozkan Demir Celik and Cebitas have also announced that they have stopped accepting ship scrap. Habas made a similar announcement yesterday. Meanwhile, the two producers that are still in the market have reduced their ship scrap procurement prices by $35-55/mt, with the general price range now at $475-495/mt. The sharp decrease recorded in the deep sea segment has contributed to the decrease in the ship scrap market, while Habas is reported to have stopped all domestic scrap purchases. 

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

Producer

Price ($/mt)

Price change ($/mt)

Ege Çelik

475

-55

IDC

495

-35

All the above prices are for delivery to mill by truck

 

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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