Local Turkish scrap market continues its downtrend

Friday, 29 January 2021 16:06:55 (GMT+3)   |   Istanbul

Most Turkish mills have announced further decreases in their domestic scrap purchase prices today, January 29, as compared to the levels recorded yesterday, reducing their prices by TRY 30-95/mt, with these mills’ dollar prices indicating a sideways movement for some grades or a $3-9/mt decrease for others. The dollar-based quotations of the other mills which decided to keep their lira-based prices stable have increased by $3-4/mt as the Turkish lira has gained strength against the US dollar.

Since yesterday, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved down from TRY 2,900-3,375/mt to TRY 2,850-3,325/mt, while the dollar-based quotations have decreased from the range of $392-457/mt to $389-454/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

28.01.2021

28.01.2021 

Çolakoğlu

 

 

 

 

DKP

3,250

444

-75

-6

Ekstra

3,015

412

-75

-6

Kroman

 

 

 

 

DKP

3,165

432

0

4

Ekstra

2,905

397

-50

-3

İsdemir

 

 

 

 

DKP

3,090

422

-75

-6

Ekstra

3,085

421

-75

-6

Asil Çelik

 

 

 

 

DKP

3,250

444

-75

-6

Ekstra

2,865

391

-95

-9

IDÇ

 

 

 

 

DKP

2,950

403

-50

-3

Ekstra

2,930

400

-50

-3

Erdemir

 

 

 

 

DKP

3,300

451

-75

-6

Ekstra

3,295

450

-75

-6

Koç Metalürji

 

 

 

 

DKP

2,850

389

-50

-3

Ekstra

2,550

348

-50

-3

Diler Dış Tic,

 

 

 

 

DKP

3,090

422

-30

0

Ekstra

2,970

406

-30

0

Baştuğ

 

 

 

 

Ekstra

2,600

355

0

+3

Sıddık

 

 

 

 

DKP

2,950

403

-30

0

Ekstra

2,890

395

-30

0

Ege Çelik

 

 

 

 

DKP

3,110

425

0

+4

Ekstra

2,980

407

0

+4

Mescier

 

 

 

 

DKP

2,970

406

0

+4

Ekstra

2,950

403

0

+4

Cansan

 

 

 

 

Ekstra

2,550

348

0

+3

Kardemir

 

 

 

 

DKP

3,325

454

0

+4

Ekstra

3,140

429

0

+4

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 7.32

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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