Local Turkish scrap market continues its rising trend

Tuesday, 11 May 2021 16:41:11 (GMT+3)   |   Istanbul

Since SteelOrbis’ report published on May 7, some Turkish mills have increased their local scrap purchase prices by TRY 100-200/mt or $9-21/mt, while others have kept their prices unchanged, resulting in a $2-4/mt decrease on dollar basis.

As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved up on the upper end from TRY 3,400-4,130/mt to TRY 3,400-4,330, while the dollar-based quotations has moved from $412-501/mt to $409-521/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

07.05.2021 

 07.05.2021

Çolakoğlu

 

 

 

 

DKP

4,025

484

100

9

Ekstra

3,710

446

100

9

Kroman

 

 

 

 

DKP

3,810

458

100

9

Ekstra

3,690

444

100

9

İsdemir

 

 

 

 

DKP

4,030

485

0

-4

Ekstra

4,025

484

0

-4

Asil Çelik

 

 

 

 

DKP

4,080

491

120

11

Ekstra

3,710

446

110

10

IDÇ

 

 

 

 

DKP

3,400

409

0

-3

Ekstra

3,380

407

0

-3

Erdemir

 

 

 

 

DKP

4,085

492

100

9

Ekstra

4,080

491

100

9

Koç Metalürji

 

 

 

 

DKP

3,850

463

0

-3

Ekstra

3,450

415

0

-3

Diler Dış Tic.

 

 

 

 

DKP

3,770

454

100

9

Ekstra

3,700

445

100

9

Baştuğ

 

 

 

 

Ekstra

3,750

451

0

-3

Sıddık

 

 

 

 

DKP

3,760

452

110

10

Ekstra

3,700

445

100

9

Ege Çelik

 

 

 

 

DKP

3,680

443

0

-3

Ekstra

3,500

421

0

-3

Mescier

 

 

 

 

DKP

3,620

436

0

-3

Ekstra

3,600

433

0

-3

Kardemir

 

 

 

 

DKP

4,330

521

200

20

Ekstra

4,045

487

200

21

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 8.31

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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