Exchange rate impacts local Turkish scrap market

Thursday, 17 June 2021 16:43:47 (GMT+3)   |   Istanbul

Although most Turkish mills have kept their domestic scrap purchase prices stable since SteelOrbis’ previous report published on June 9, dollar equations of prices have changed amid the depreciating Turkish lira against the US dollar, and in some cases due to the price changes made by mills. Despite the revisions in question, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved sideways in the range of TRY 3,820-4,340/mt, while the dollar-based quotations moved from $445-506/mt to $441-501/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

  09.06.2021

 09.06.2021 

Çolakoğlu

 

 

 

 

DKP

4,280

494

0

-5

Ekstra

3,925

453

0

-4

Kroman

 

 

 

 

DKP

4,000

462

0

-4

Ekstra

3,900

450

0

-4

İsdemir

 

 

 

 

DKP

4,205

486

0

-5

Ekstra

4,200

485

0

-5

Asil Çelik

 

 

 

 

DKP

4,305

497

0

-5

Ekstra

3,900

450

0

-4

IDÇ

 

 

 

 

DKP

3,870

447

0

-4

Ekstra

3,850

445

0

-4

Erdemir

 

 

 

 

DKP

4,340

501

0

-5

Ekstra

4,335

501

0

-5

Koç Metalürji

 

 

 

 

DKP

4,150

479

150

13

Ekstra

3,500

404

-100

-15

Diler Dış Tic.

 

 

 

 

DKP

3,970

458

0

-4

Ekstra

3,900

450

0

-4

Baştuğ*

 

 

 

 

Ekstra

3,450

398

 

 

Sıddık

 

 

 

 

DKP

3,970

458

0

-4

Ekstra

3,900

450

0

-4

Ege Çelik

 

 

 

 

DKP

4,110

475

0

-4

Ekstra

3,800

439

0

-4

Mescier

 

 

 

 

DKP

3,820

441

0

-4

Ekstra

3,800

439

0

-4

Cansan

 

 

 

 

DKP

4,150

479

150

13

Bonus

4,000

462

100

7

Kardemir

 

 

 

 

DKP

4,280

494

0

-5

Ekstra

3,995

461

0

-4

 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.

*Since Bastug’s prices were not shared in the previous report, no change in quotations were given in the table above.

$1 = TRY 8.66

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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