Local Turkish scrap market continues to see sharp price rises

Since SteelOrbis’ report published on February 4, all Turkish mills have increased their domestic scrap purchase prices once again to secure scrap flow, in line with the rises recorded in the deep and short sea segments. “Prices of every kind of scrap are rising, so we are following the trend,” a producer commented. The price increases in question have been in the range of TRY 120-550/mt or $12-44/mt, while the appreciation of the Turkish lira against the US dollar has boosted the surge in dollar prices. 

The general range in the local Turkish scrap market for the benchmark DKP grade scrap has increased from the TRY 6,200-7,035/mt to TRY 6,550-7,285/mt, while prices on US dollar basis have been revised from $457-519/mt to $487-541/mt.

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 13.46