Further declines have been recorded in Turkey’s ship scrap market this week. Three Izmir-based steel producers that are relatively more active in the market have announced similar prices after two of them reduced their prices by $10/mt today, March 6. As the upper end consolidates in a downward direction, the general price range is now at $375-390/mt, down $10/mt on the upper end. The downtrend is the result of the pressure exerted on the deep sea and short sea scrap segments by the Turkish producers.
In Turkey’s Izmir region, the ship scrap purchase prices of local steelmakers are as follows:
|
Producer |
Price ($/mt) |
Price change ($/mt) |
|
Özkan Demir Çelik |
390 |
-10 |
|
Habaş |
390 |
0 |
|
Ege Çelik |
390 |
-10 |
|
İDÇ |
375 |
0 |
|
Çebitaş |
375 |
0 |