Local Turkish scrap market continues its downtrend

Wednesday, 04 August 2021 17:25:42 (GMT+3)   |   Istanbul

Today, August 4, several Turkish mills have decreased their domestic scrap purchase prices by TRY 50-100/mt or $7-13/mt, depending on grades. With the Turkish lira weakening slightly against the US dollar, the dollar-based prices of other mills which did not change their lira-based prices have moved down by $1/mt. The current pace of domestic scrap flow is considered to be good by some players.

 

Today, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved down on the upper end from TRY 3,670-4,530/mt to TRY 3,670-4,430/mt, while the dollar-based quotations have moved from $436-539/mt to $435-526/mt.

 

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 03.08.2021

03.08.2021

Çolakoğlu

 

 

 

 

DKP

4,280

508

0

-1

Ekstra

3,925

466

0

-1

Kroman

 

 

 

 

DKP

3,900

463

-50

-7

Ekstra

3,700

439

-50

-7

İsdemir

 

 

 

 

DKP

4,005

475

0

-1

Ekstra

4,000

474

0

-1

Asil Çelik

 

 

 

 

DKP

4,305

511

0

-1

Ekstra

3,850

457

-50

-7

İDÇ

 

 

 

 

DKP

3,870

459

0

-1

Ekstra

3,850

457

0

-1

Erdemir

 

 

 

 

DKP

4,280

508

0

-1

Ekstra

4,275

507

0

-1

Koç Metalürji

 

 

 

 

DKP

3,700

439

0

-1

Ekstra

2,800

332

0

-1

Diler Dış Tic.

 

 

 

 

DKP

3,870

459

-100

-13

Ekstra

3,800

451

-100

-13

Baştuğ*

 

 

 

 

Ekstra

2,900

344

0

0

Sıddık

 

 

 

 

DKP

3,770

447

-100

-13

Ekstra

3,700

439

-100

-13

Ege Çelik

 

 

 

 

DKP

4,160

493

0

-1

Ekstra

3,850

457

0

-1

Mescier

 

 

 

 

DKP

3,670

435

0

-1

Ekstra

3,650

433

0

-1

Cansan

 

 

 

 

DKP

3,700

439

0

-1

Bonus

3,600

427

0

-1

Kardemir

 

 

 

 

DKP

4,430

526

-100

-13

Ekstra

4,145

492

-100

-13

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 8.43

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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