Downward revisions in local Turkish scrap market continues

Monday, 23 August 2021 15:00:44 (GMT+3)   |   Istanbul

Today, August 23, some Turkish mills have decreased their domestic scrap purchase prices by TRY 20-100/mt, depending on grades, ended in  sideways movement for some grades and $9/mt reduction for others in their dollar based quotations with the support of appreciating Turkish lira against major currencies. Other steelmakers have just kept their quotations stable, which resulted in $2-3/mt increase in their dollar-based prices.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained at TRY 3,600-4,305/mt, while the dollar-based quotations moved from $423-505/mt to $425-508/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 20.08.2021

 20.08.2021

Çolakoğlu

 

 

 

 

DKP

4,280

505

0

3

Ekstra

3,925

463

0

3

Kroman

 

 

 

 

DKP

3,800

449

0

3

Ekstra

3,600

425

0

2

İsdemir

 

 

 

 

DKP

3,905

461

-100

-9

Ekstra

3,900

460

-100

-9

Asil Çelik

 

 

 

 

DKP

4,305

508

0

3

Ekstra

3,850

455

0

3

İDÇ

 

 

 

 

DKP

3,730

440

-20

0

Ekstra

3,710

438

-20

0

Erdemir

 

 

 

 

DKP

4,280

505

0

3

Ekstra

4,275

505

0

3

Koç Metalürji

 

 

 

 

DKP

3,850

455

0

3

Ekstra

2,800

331

0

2

Diler Dış Tic.

 

 

 

 

DKP

3,600

425

0

2

Ekstra

3,550

419

0

2

Baştuğ

 

 

 

 

 

2,900

342

0

2

Sıddık

 

 

 

 

DKP

3,700

437

0

3

Ekstra

3,650

431

0

3

Ege Çelik

 

 

 

 

DKP

4,100

484

0

3

Ekstra

3,750

443

0

3

Mescier

 

 

 

 

DKP

3,670

433

0

3

Ekstra

3,650

431

0

3

Cansan

 

 

 

 

DKP

3,750

443

0

3

Bonus

3,650

431

0

3

Kardemir

 

 

 

 

DKP

4,130

488

0

3

Ekstra

3,845

454

0

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 8.47

AyçaÖzbay
Ayça Özbay
Editor
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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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