TURKEY FERROUS SCRAP: Ship scrap prices advance, auto bundle stable

Turkish domestic prices for ferrous scrap from shipbreaking went up slightly during the week that ended on April 23, while domestic auto bundle scrap prices were largely stable, sources said on Tuesday April 24.

Metal Bulletin’s weekly price assessment for melting scrap from shipbreaking in the Turkish domestic market was $348-355 per tonne delivered, up from last week’s $341-352 per tonne.

The upward movement in the weekly assessment came after long steel mill Habas raised its buy price to $355 per tonne, while fellow long steel mills Ege Çelik and Özkan raised their prices to $348 per tonne.

In the meantime, domestic auto bundle scrap prices remained stable with most steel mills and a major scrapyard in Izmir keeping their prices unchanged. One steel mill raised its buy price for the material by TRY40 ($10) per tonne.

But Metal Bulletin’s weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey was unchanged week-on-week at TRY1,270-1,500 ($310-366) per tonne delivered.

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