Local Turkish scrap dollar-based prices move down

Friday, 13 August 2021 12:29:38 (GMT+3)   |   Istanbul
       

Since SteelOrbis’ report published on August 8, three Turkish mills have decreased their domestic scrap purchase prices by TRY 60-170/mt or $13-25/mt, depending on grades. With the Turkish lira depreciating against the US dollar, the dollar-based prices of the other mills which kept their scrap purchase prices in the local currency stable have moved down by $4-6/mt. The current pace of scrap flow is considered good, while an Izmir-based producer has announced that it has stopped accepting local scrap supply until further notice.

Today, the general range in the local Turkish scrap market for the benchmark DKP grade scrap is still at TRY 3,670-4,430/mt, while dollar-based quotations have moved down from $435-526/mt to $430-519/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 04.08.2021

04.08.2021

Çolakoğlu

 

 

 

 

DKP

4,280

502

0

-6

Ekstra

3,925

460

0

-5

Kroman

 

 

 

 

DKP

3,900

457

0

-5

Ekstra

3,700

434

0

-5

İsdemir

 

 

 

 

DKP

4,005

470

0

-6

Ekstra

4,000

469

0

-6

Asil Çelik

 

 

 

 

DKP

4,305

505

0

-6

Ekstra

3,850

451

0

-5

İDÇ

 

 

 

 

DKP

3,870

454

0

-5

Ekstra

3,850

451

0

-5

Erdemir

 

 

 

 

DKP

4,280

502

0

-6

Ekstra

4,275

501

0

-6

Koç Metalürji

 

 

 

 

DKP

3,700

434

0

-5

Ekstra

2,800

328

0

-4

Diler Dış Tic.

 

 

 

 

DKP

3,700

434

-170

-25

Ekstra

3,650

428

-150

-23

Baştuğ*

 

 

 

 

Ekstra

2,900

340

0

0

Sıddık

 

 

 

 

DKP

3,770

442

0

-5

Ekstra

3,700

434

0

-5

Ege Çelik

 

 

 

 

DKP

4,100

481

-60

-13

Ekstra

3,750

440

-100

-17

Mescier

 

 

 

 

DKP

3,670

430

0

-5

Ekstra

3,650

428

0

-5

Cansan

 

 

 

 

DKP

3,700

434

0

-5

Bonus

3,600

422

0

-5

Kardemir

 

 

 

 

DKP

4,430

519

0

-6

Ekstra

4,145

486

0

-6

All above prices are for deliveries to customer and exclude VAT. Exchange rate fluctuations are taken into consideration when calculating the dollar-based price changes.

$1 = TRY 8.53


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