Downward revisions in local Turkish scrap market

Monday, 26 July 2021 15:13:12 (GMT+3)   |   Istanbul

During the long Feast of Sacrifice holiday and today (Jul. 26), some Turkish mills have reduced their domestic scrap purchase prices. The revisions in question are TRY 75-300/mt or $8-34/mt, depending on grades. Also, the slight appreciation of the Turkish lira against the US dollar caused $1/mt increase on other mills’ dollar based prices.

Today, the general range in the local Turkish scrap market for the benchmark DKP grade scrap is still in the range of TRY 3,820-4,530/mt, while the dollar-based quotations moved from $445-527/mt to $446-529/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 16.07.2021

16.07.2021 

Çolakoğlu

 

 

 

 

DKP

4.280

499

0

1

Ekstra

3.925

458

0

1

Kroman

 

 

 

 

DKP

3.900

455

-100

-11

Ekstra

3.800

443

-100

-11

İsdemir

 

 

 

 

DKP

4.205

491

-150

-16

Ekstra

4.200

490

-150

-16

Asil Çelik

 

 

 

 

DKP

4.305

502

0

1

Ekstra

3.900

455

0

1

IDÇ

 

 

 

 

DKP

3.870

452

0

1

Ekstra

3.850

449

0

1

Erdemir

 

 

 

 

DKP

4.340

506

-75

-8

Ekstra

4.335

506

-75

-8

Koç Metalürji

 

 

 

 

DKP

4.000

467

-250

-28

Ekstra

3.300

385

-300

-34

Diler Dış Tic.

 

 

 

 

DKP

3.970

463

0

1

Ekstra

3.900

455

0

1

Sıddık

 

 

 

 

DKP

3.870

452

-100

-11

Ekstra

3.800

443

-100

-11

Ege Çelik

 

 

 

 

DKP

4.160

485

0

1

Ekstra

3.850

449

0

1

Mescier

 

 

 

 

DKP

3.820

446

0

1

Ekstra

3.800

443

0

1

Cansan

 

 

 

 

DKP

4.000

467

-200

-22

Bonus

3.850

449

-200

-22

Kardemir

 

 

 

 

DKP

4.530

529

0

1

Ekstra

4.245

495

0

1

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 8.57

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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