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 $421-484/mt. The scrap flow in the local Turkish market is still strong, one market source stated.
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
08.01.2021 |
08.01.2021 |
|||
Kardemir |
|
|
|
|
DKP |
3,525 |
471 |
-200 |
-37 |
Ekstra |
3,340 |
446 |
-225 |
-40 |
All above prices are for deliveries to customer and exclude VAT,
$1 = TRY 7.49