Turkey will produce significantly less ship scrap in 2013 than
projected due to falling scrap prices, according to Turkish
ship recyclers association Gemisander.
The association until
recently estimated that Turkey would surpass its installed ship
recyling capacity of 900,000 long dry tonnes (ldt) this year.
However, the year-end production estimate has now been curbed
to slightly more than 600,000 ldt, a spokesman for the
association said July 2.
shipbreakers processed 109 ships in the first half of the year,
totalling 399,367 ldt, the group said.
Scrap prices fell
sharply during that period, while the prices of ships to be
recycled remained comparatively higher. This was the principal
factor behind the declining production, the spokesman said.
"We got some big sizes
of ships this year, which makes them harder to demolish, takes
longer and requires a larger space. This was another reason for
falling production," he said.
scra production totaled 927,000 ldt in 2012, Gemisander
prices for melting scrap from shipbreaking increased this week,
following strengthening imported scrap prices, AMM
sister publication Steel First was told.
Firsts weekly assessment for melting scrap from
shipbreaking was $360 to $365 per tonne delivered July 2, up
from $350 per tonne a week earlier.
Two mills were
reported bidding $365 per tonne delivered for the material,
while three other mills were bidding $360 per tonne
Those mills bidding
$360 were expected to increase the figure to $365 per tonne,
Steel First was told.
only shipbreaking yard is in the western town of Aliaga, in
Izmir. The yard supplies scrap to such steel mills as
Özkanlar Metal Sanayii ve Tic, Cebitas Demir Celik
Endustrisi AŞ, Habas LPG Group, Ege Çelik
Endüstrisi Sanayi ve Ticaret AŞ and İzmir Demir
Çelik Sanayi AŞ.
A version of this
article was first published in AMM sister publication Steel