Kardemir reduces its domestic scrap purchase prices

Turkish steelmaker Kardemir has reduced its domestic scrap purchase prices as compared to the levels recorded on January 8, to the range of TRY 200-225/mt or $37-40/mt, depending on the grade. Due to the depreciation of the Turkish lira against the US dollar, the dollar-based quotations of other mills that kept their local currency prices stable have decreased by $8-10/mt in the same period. Currently, the general range in the local Turkish scrap market for the benchmark DKP grade scrap is in the range of TRY 3,150-3,625/mt, while the dollar-based quotations have decreased from the range of $429-507/mt to $421-484/mt. The scrap flow in the local Turkish market is still strong, one market source stated.

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

$1 = TRY 7.49