Further reductions in local Turkish scrap prices

Tuesday, 28 January 2020 17:25:00 (GMT+3)   |   Istanbul

Some of the key steel producers in Turkey, including Colakoglu Metalurji, have reduced their domestic scrap purchase prices today, January 28, by TRY 20-40/mt or $3-7/mt depending on the buyer and the raw material grade. The key reason is the unclear situation in the import segment, though sentiment remains mainly pessimistic. Some sources note that several mills have their local purchase prices at higher levels than import prices as they currently prefer to maintain an uninterrupted inflow of domestic scrap inflow, SteelOrbis understands.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

27.01.2020

27.01.2020

Çolakoğlu

       

P&S

1,800

303

-20

-3

HMS I

1,670

281

-20

-3

HMS I/II (70:30)

1,605

270

-20

-3

HMS I/II (50:50)

1,555

262

-20

-3

Turnings

1,355

228

-20

-3

Kroman

   

 

 

P&S

1,560

263

0

0

HMS I

1,535

258

0

0

HMS I/II (70:30)

1,485

250

0

0

HMS I/II (50:50)

1,435

242

0

0

HMS II

1,110

187

0

0

Turnings

1,110

187

0

0

İsdemir

   

 

 

P&S

1,650

278

0

0

HMS I

1,645

277

0

0

Bonus

1,500

253

0

0

HMS I/II (70:30)

1,335

225

0

0

Asil Çelik

   

 

 

P&S

1,770

298

-20

-3

HMS I

1,610

271

-20

-3

HMS I/II (70:30)

1,450

244

-20

-3

IDÇ

   

 

 

P&S

1,570

264

0

0

HMS I

1,550

261

0

0

Erdemir

   

 

 

P&S

1,810

305

0

0

HMS I

1,805

304

0

0

HMS I/II (70:30)

1,600

269

0

0

HMS I/II (50:50)

900

152

0

0

HMS II

600

101

0

0

Koc Metalurji

   

 

 

P&S

1,520

256

-40

-7

Bonus

1,490

251

-40

-7

HMS I

1,280

215

-40

-7

Diler Dış Tic.

   

 

 

P&S

1,750

295

-20

-3

HMS I

1,640

276

-20

-3

HMS I/II (70:30)

1,520

256

-20

-3

HMS I/II (50:50)

1,470

247

-20

-3

HMS II

1,110

187

-20

-3

Baştuğ

   

 

 

HMS I

1,325

223

-30

-5

HMS I/II (70:30)

1,210

204

-25

-4

HMS I/II (50:50)

1,100

185

-25

-4

Sıddık

   

 

 

P&S

1,590

268

-20

-3

HMS I

1,570

264

-20

-3

HMS I/II (70:30)

1,470

247

-20

-3

HMS I/II (50:50)

1,420

239

-20

-3

HMS II

1,100

185

-20

-3

Ege Çelik

   

 

 

P&S

1,695

285

0

0

Bonus

1,655

279

0

0

HMS I

1,605

270

0

0

Mescier

   

 

 

P&S

1,620

273

0

0

HMS I

1,600

269

0

0

HMS I/II (70:30)

1,530

258

0

0

HMS I/II (50:50)

1,450

244

0

0

Cansan

   

 

 

P&S

1,510

254

-20

-3

HMS I

1,300

219

-20

-3

HMS I/II (70:30)

1,300

219

-20

-3

Kardemir

       

P&S

1,905

321

0

0

HMS I

1,715

289

0

0

HMS I/II (70:30)

1,645

277

0

0

HMS I/II (50:50)

1,535

258

0

0

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

$1 = TRY 5.94

 

MelekDurmaz Aktaş
Melek Durmaz Aktaş
Editor
All Articles by the Author

I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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