Two Turkish mills increase their ship scrap procurement prices

Thursday, 24 March 2022 15:31:19 (GMT+3)   |   Istanbul

Today, March 24, two Izmir-based Turkish mills have decided to increase their ship scrap procurement quotations by $10-30/mt. This upward revision has not changed the general price range which is still at $495-640/mt. However, it shows that ship scrap flow to the mills was on the low side, as SteelOrbis reported yesterday, and that an increase in prices was necessary. The average ship scrap procurement price in Izmir’s Aliaga region is now $8/mt higher than yesterday. Çebitaş, which represents the lower end, has kept its prices stable since March 3.

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

630

+30

Habaş

640

0

Ege Çelik

640

+10

IDC

640

0

Cebitas

495

0

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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