14,077.67 TRY BIST 100 BIST 100
53.90 EUR EUR EUR
47.23 USD USD USD
7.02 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.46 TRY Interest Interest
100.13 USD Fossil Oil Fossil Oil
6.34 USD Copper Copper
87.74 USD Silver Silver
97.90 USD Iron Ore Iron Ore
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

$157 million contribution to economy from scrap ships

In the first half of the year, 60 scrap ships were recycled by the Ministry of Environment and Urbanization.

$157 million contribution to economy from scrap ships

98% of the ships that are withdrawn from the expedition at the end of their economic life are made of steel and the majority of this is recyclable.

The scrap pieces obtained after the recycling of the ships are brought to the iron and steel factories as steel raw material.

Dismantling is carried out by 22 ship recycling companies operating in the Aliağa Ship Breaking Zone in İzmir, which is permitted by the Ministry of Environment and Urbanization.

In this context, 108 ships with a steel weight of 855 thousand tons were recycled last year. Its contribution to the economy was approximately 450 million dollars.

In the first half of 2021, 60 ships with a steel weight of 450 thousand tons were recycled and approximately 157 million dollars was saved in the economy.

5% increase in the number of recycled ships

In the first half of last year, 56 ships with a steel weight of 265,000 tons were recycled. Accordingly, compared to the first half of 2020, there was a 5% increase in the number of ships taken for recycling in the same period of this year, and an increase of approximately 70% in steel weight.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

CBRT keeps policy rate unchanged at 37%

Thursday, July 23, 2026

Türkiye's capacity utilization rate falls in July

Wednesday, July 22, 2026

Iraq introduces electronic verification for customs procedures

Tuesday, July 21, 2026

New agreement to strengthen customs cooperation between the EU and Türkiye

Monday, July 20, 2026

The United States will impose a 25% import tariff on certain products from Brazil under Section 301.

Friday, July 17, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now