BURSA, Turkey Prices for ferrous scrap from Turkeys domestic shipbreaking industry have fallen slightly, under pressure from declining offers for imported scrap.
Melting scrap from ship recycling is now being sold to mills in western Turkey at $378 to $385 per tonne delivered, $2 to $5 lower than last week, industry sources told AMM sister publication Steel First.
One steelmaker in the Izmir region purchased melting scrap at $378 per tonne, three other mills bought the same material at $380 per tonne and a long products steelmaker paid $385 per tonne.
Turkish association of ship recyclers Gemisander said the industry has broken 260 ships totaling a record 855,000 long dry tonnes so far this year vs. 331 ships, or 653,000 tonnes, last year and 423,000 tonnes in 2010.
Turkeys only shipbreaking yard is in the western town of Aliaga in Izmir. It supplies scrap to steel mills in the region, including Cebitas Demir Celik Endüstrisi AS, Ege Celik Endüstrisi Sanayi ve Ticaret AS, Habas Group, Izmir Demir Celik Sanayi AS and Ozkanlar Demir Celik Sanayi AS.
A version of this article was first published by AMM sister publication Steel First.