Diverse trends in local Turkish scrap market due to currency fluctuation

Thursday, 04 March 2021 17:58:58 (GMT+3)   |   Istanbul
       

As compared to March 1, some Turkish mills have increased their local scrap purchase prices by TRY 100-300/mt or $2-31/mt, depending on the grade. Meanwhile, some Turkish mills have kept their prices stable, accompanied by a $10-11/mt decrease in their dollar prices as the Turkish lira has lost significant strength against the US dollar. It is also observed that one mill has decreased its price for only one grade by TRY 50/mt or $16/mt.

Accordingly, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has increased from TRY 3,040-3,620 to TRY 3,170-3,720/mt, while the dollar-based quotations have moved down from the range of $419-499/mt to $427-501/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

01.03.2021

01.03.2021 

Çolakoğlu

 

 

 

 

DKP

3,475

468

0

-11

Ekstra

3,260

439

0

-10

Kroman

 

 

 

 

DKP

3,300

444

0

-10

Ekstra

3,230

435

0

-10

İsdemir

 

 

 

 

DKP

3,515

473

+150

+10

Ekstra

3,510

472

+150

+10

Asil Çelik

 

 

 

 

DKP

3,475

468

0

-11

Ekstra

3,210

432

0

-10

IDÇ

 

 

 

 

DKP

3,220

433

+180

+15

Ekstra

3,200

431

+180

+15

Erdemir

 

 

 

 

DKP

3,535

476

+210

+18

Ekstra

3,530

475

+210

+18

Koç Metalürji

 

 

 

 

DKP

3,500

471

0

-11

Ekstra

3,100

417

0

-10

Diler Dış Tic,

 

 

 

 

DKP

3,350

451

0

-11

Ekstra

3,250

437

0

-10

Baştuğ

 

 

 

 

Ekstra

3,000

404

+250

+25

Sıddık

 

 

 

 

DKP

3,350

451

0

-11

Ekstra

3,250

437

0

-10

Ege Çelik

 

 

 

 

DKP

3,370

454

+300

+31

Ekstra

3,220

433

+260

+26

Mescier

 

 

 

 

DKP

3,170

427

+100

+4

Ekstra

3,150

424

+100

+4

Cansan

 

 

 

 

Ekstra

2,950

397

-50

-16

Kardemir

 

 

 

 

DKP

3,720

501

+100

+2

Ekstra

3,535

476

+100

+3

All above prices are for deliveries to customer and exclude VAT. Exchange rate fluctuations are taken into consideration when calculating the dollar-based price changes. 

$1 = TRY 7.43

 


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