Local Turkish scrap market continues its downtrend

Tuesday, 23 June 2020 14:24:09 (GMT+3)   |   Istanbul

The local Turkish scrap market has continued its downtrend today, June 23, with some mills announcing a cut of TRY 20-40/mt in their purchase prices, resulting in a $3-5/mt decrease in their dollar-based quotations. Meanwhile, with the exchange rate remaining almost stable, once again the dollar-based purchase prices of the other mills that decided to keep their lira-based quotations unchanged have moved sideways.

Despite the revisions made, benchmark DKP grade scrap prices in Turkey are still at TRY 1,675-2,075/mt, but the dollar-based quotations have increased slightly to $245-303/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 22.06.2020

22.06.2020 

Çolakoğlu

 

 

 

 

DKP

1,915

280

-30

-4

Ekstra

1,790

261

-30

-4

Kroman

 

 

 

 

DKP

1,715

250

-25

-3

Ekstra

1,705

249

-25

-3

İsdemir

 

 

 

 

DKP

1,795

262

0

0

Ekstra

1,790

261

0

0

Asil Çelik

 

 

 

 

DKP

1,885

275

-30

-4

Ekstra

1,720

251

-30

-4

IDÇ

 

 

 

 

DKP

1,675

245

0

0

Ekstra

1,655

242

0

0

Erdemir

 

 

 

 

DKP

1,980

289

0

0

Ekstra

1,975

288

0

0

Koç Metalürji

 

 

 

 

DKP

1,690 247 -30 -4

Ekstra

1,470 215 -30 -4

Diler Dış Tic.

 

 

 

 

DKP

1,850

270

-30

-4

Ekstra

1,770

258

-30

-4

Baştuğ

 

 

 

 

Ekstra

1,630

238

0

0

Sıddık

 

 

 

 

DKP

1,790

261

-20

-3

Ekstra

1,740

254

-20

-3

Ege Çelik

 

 

 

 

DKP

1,815

265

-30

-4

Ekstra

1,645

240

-40

-5

Mescier

 

 

 

 

DKP

1,740

254

0

0

Ekstra

1,720

251

0

0

Cansan

 

 

 

 

Ekstra

1,340

196

0

0

Kardemir

 

 

 

 

DKP

2,075

303

0

0

Ekstra

1,915

280

0

0

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

$1 = TRY 6.85

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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