Further decreases in local Turkish scrap market

Wednesday, 24 June 2020 15:18:23 (GMT+3)   |   Istanbul

Today, June 24, further decreases have been recorded in the local Turkish scrap market. Some mills have reduced their domestic scrap purchase quotations by TRY 20-40/mt or $3-6/mt, while some producers have preferred to keep their prices on Turkish lira basis stable, which has resulted in a sideways movement in their dollar-based quotations.

Following the revisions in question, benchmark DKP grade scrap prices in Turkey have remained in the range of TRY 1,675-2,075/mt, but the dollar prices have decreased slightly to $244-302/mt due to the small change in the exchange rate.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

23.06.2020 

23.06.2020 

Çolakoğlu

 

 

 

 

DKP

1,915

279

0

0

Ekstra

1,790

261

0

0

Kroman

 

 

 

 

DKP

1,695

247

-20

-3

Ekstra

1,685

246

-20

-3

İsdemir

 

 

 

 

DKP

1,765

257

-30

-5

Ekstra

1,760

257

-30

-5

Asil Çelik

 

 

 

 

DKP

1,865

272

-20

-3

Ekstra

1,680

245

-40

-6

IDÇ

 

 

 

 

DKP

1,675

244

0

0

Ekstra

1,655

241

0

0

Erdemir

 

 

 

 

DKP

1,980

289

0

0

Ekstra

1,975

288

0

0

Koç Metalürji

 

 

 

 

DKP

1,690

246

0

0

Ekstra

1,470

214

0

0

Diler Dış Tic.

 

 

 

 

DKP

1,830

267

-20

-3

Ekstra

1,750

255

-20

-3

Baştuğ

 

 

 

 

Ekstra

1,630

238

0

0

Sıddık

 

 

 

 

DKP

1,770

258

-20

-3

Ekstra

1,720

251

-20

-3

Ege Çelik

 

 

 

 

DKP

1,815

265

0

0

Ekstra

1,645

240

0

0

Mescier

 

 

 

 

DKP

1,740

254

0

0

Ekstra

1,720

251

0

0

Cansan

 

 

 

 

Ekstra

1,340

195

0

0

Kardemir

 

 

 

 

DKP

2,075

302

0

0

Ekstra

1,915

279

0

0

All above prices are for deliveries to customer and exclude VAT. 

$1 = TRY 6.86

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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