Tag: freight cost red sea

Turkiye: Deep-sea bulk scrap volume rises 15% y-o-y in Q1CY’25; Q2 outlook cautious

Apr 16, 2025

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by

Adarsh Ramteke

in Melting Scrap

Red Sea crisis diverts cargo from Asia to Turkiye Scrap prices fall to two-yr lows, look attractive Turkiye’s deep-sea bulk scrap volume in Q1CY’25 witnessed a rise of 15% y-o-y to 4.53 million tonnes (mnt) compared to 3.93 mnt in Q1CY’24. However, March 2025 saw a decline in bulk vessel movements to 1.4 mnt, down…