Local Turkish scrap market continues its rising trend

Monday, 20 July 2020 16:39:32 (GMT+3)   |   Istanbul

Some Turkish mills have increased their domestic scrap purchase prices either over the weekend or today, July 20, by TRY 45-65/mt or $6-9/mt, while others have decided to keep their quotations stable. Since the Turkish lira-US dollar exchange rate has moved sideways since Friday, July 17, the dollar-based quotations of these mills have not changed. Despite the revisions, the Turkish mills representing the lower and upper ends of the benchmark DKP prices have kept their prices stable. As a result, the range of DKP quotations is still at TRY 1,660-2,015/mt, which equals $242-294/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

17.07.2020 

 17.07.2020

Çolakoğlu

 

 

 

 

DKP

 

 

 

 

Ekstra

1,940

283

0

0

Kroman

1,795

262

0

0

DKP

 

 

 

 

Ekstra

1,830

267

0

0

İsdemir

1,740

254

0

0

DKP

 

 

 

 

Ekstra

1,835

267

+40

+6

Asil Çelik

1,830

267

+40

+6

DKP

 

 

 

 

Ekstra

1,905

278

0

0

IDÇ

1,700

248

0

0

DKP

 

 

 

 

Ekstra

1,660

242

0

0

Erdemir

1,640

239

0

0

DKP

 

 

 

 

Ekstra

1,980

289

+60

+9

Koç Metalürji

1,975

288

+60

+9

DKP

 

 

 

 

Ekstra

1,790

261

+40

+6

Diler Dış Tic.

1,540

224

+40

+6

DKP

 

 

 

 

Ekstra

1,890

276

0

0

Baştuğ

1,790

261

0

0

Ekstra

 

 

 

 

Sıddık

1,570

229

0

0

DKP

 

 

 

 

Ekstra

1,820

265

0

0

Ege Çelik

1,770

258

0

0

DKP

 

 

 

 

Ekstra

1,820

265

+50

+7

Mescier

1,695

247

+65

+9

DKP

 

 

 

 

Ekstra

1,760

257

+50

+7

Cansan

1,740

254

+50

+7

Ekstra

 

 

 

 

Kardemir

1,540

224

+40

+6

DKP

 

 

 

 

Ekstra

2,015

294

0

0

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

$1 = TRY 6.86

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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