Four of the main steel producers in Turkey have decreased their local scrap purchase prices today, March 4, in order to compensate for the appreciation of the Turkish lira against the US dollar and the silence in the import scrap segment. The mills in question have decreased their prices by TRY 25-65/mt depending on the buyer and the raw material grade, while on US dollar basis they have revised their prices by $-6/+3/mt. Meanwhile, it is observed that the fall in Kroman Demir Celik’s local scrap purchase prices has totalled TRY 25/mt over the past two days, with a drop of TRY 10/mt on March 3 and a decrease by a further TRY 15/mt today.
Most of the other Turkish mills have kept their prices on Turkish lira basis stable, with a $2-8/mt increase in their prices on dollar basis since March 2. Additionally, yesterday, Ege Celik increased only its P&S grade scrap by TRY 15/mt, while keeping its local scrap purchase prices stable today. Sources report that other Turkish mills may revise their prices in the short term.
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
02.03.2020 |
02.03.2020 |
|||
Çolakoğlu |
||||
P&S |
1.850 |
304 |
0 |
+7 |
HMS I |
1.735 |
285 |
0 |
+7 |
HMS I/II (70:30) |
1.645 |
271 |
0 |
+7 |
HMS I/II (50:50) |
1.595 |
262 |
0 |
+6 |
Turnings |
1.395 |
229 |
0 |
+6 |
Kroman |
||||
P&S |
1.720 |
283 |
-25 |
+3 |
HMS I |
1.645 |
271 |
-25 |
+3 |
HMS I/II (70:30) |
1.620 |
266 |
-25 |
+2 |
HMS I/II (50:50) |
1.570 |
258 |
-25 |
+2 |
HMS II |
1.370 |
225 |
-25 |
+1 |
Turnings |
1.370 |
225 |
-25 |
+1 |
İsdemir |
||||
P&S |
1.730 |
285 |
0 |
+7 |
HMS I |
1.725 |
284 |
0 |
+7 |
Bonus |
1.580 |
260 |
0 |
+6 |
HMS I/II (70:30) |
1.415 |
233 |
0 |
+6 |
Asil Çelik |
||||
P&S |
1.850 |
304 |
0 |
+7 |
HMS I |
1.700 |
280 |
0 |
+7 |
HMS I/II (70:30) |
1.530 |
252 |
0 |
+6 |
IDÇ |
||||
P&S |
1.600 |
263 |
0 |
+6 |
HMS I |
1.580 |
260 |
0 |
+6 |
Erdemir |
||||
P&S |
1.890 |
311 |
0 |
+7 |
HMS I |
1.885 |
310 |
0 |
+7 |
HMS I/II (70:30) |
1.680 |
276 |
0 |
+7 |
HMS I/II (50:50) |
900 |
148 |
0 |
+4 |
HMS II |
600 |
99 |
0 |
+2 |
Koc Metalurji |
||||
P&S |
1.640 |
270 |
-30 |
+2 |
Bonus |
1.620 |
266 |
-30 |
+2 |
HMS I |
1.420 |
234 |
-30 |
+1 |
Diler Dış Tic. |
||||
P&S |
1.835 |
302 |
0 |
+7 |
HMS I |
1.735 |
285 |
0 |
+7 |
HMS I/II (70:30) |
1.595 |
262 |
0 |
+6 |
HMS I/II (50:50) |
1.545 |
254 |
0 |
+6 |
HMS II |
1.185 |
195 |
0 |
+5 |
Baştuğ |
||||
HMS I |
1.450 |
238 |
0 |
+6 |
HMS I/II (70:30) |
1.300 |
214 |
0 |
+5 |
HMS I/II (50:50) |
1.180 |
194 |
0 |
+5 |
Sıddık |
||||
P&S |
1.740 |
286 |
-60 |
-3 |
HMS I |
1.670 |
275 |
-65 |
-4 |
HMS I/II (70:30) |
1.530 |
252 |
-65 |
-4 |
HMS I/II (50:50) |
1.480 |
243 |
-65 |
-5 |
HMS II |
1.120 |
184 |
-65 |
-6 |
Ege Çelik |
||||
P&S |
1.750 |
288 |
+15 |
+9 |
Bonus |
1.685 |
277 |
0 |
+7 |
HMS I |
1.635 |
269 |
0 |
+6 |
Mescier |
||||
P&S |
1.560 |
257 |
0 |
+6 |
HMS I |
1.540 |
253 |
0 |
+6 |
HMS I/II (70:30) |
1.470 |
242 |
0 |
+6 |
HMS I/II (50:50) |
1.390 |
229 |
0 |
+6 |
Cansan |
||||
P&S |
1.610 |
265 |
-30 |
+2 |
HMS I |
1.400 |
230 |
-30 |
+1 |
HMS I/II (70:30) |
1.400 |
230 |
-30 |
+1 |
Kardemir |
||||
P&S |
1.975 |
325 |
0 |
+8 |
HMS I |
1.815 |
299 |
0 |
+7 |
HMS I/II (70:30) |
1.745 |
287 |
0 |
+7 |
HMS I/II (50:50) |
1.635 |
269 |
0 |
+6 |
All above prices are for deliveries to customer and exclude VAT.
$1 = TRY 6.08
.jpeg)