Local Turkish scrap market declines on US dollar basis due to exchange rate

Thursday, 11 November 2021 17:20:09 (GMT+3)   |   Istanbul

Most Turkish producers have kept their domestic scrap prices stable since SteelOrbis’ report published on Thursday, November 4, while a couple of them have decided to increase them by TRY 100-130/mt. However, due to the depreciation of the Turkish lira against the US dollar, all prices have moved down by $2-18/mt on US dollar basis. Market players state that the local scrap flow has been healthy in the past week.

As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained at TRY 4,150-5,085/mt, but on US dollar basis they have declined from $428-525/mt to $419-513/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 4.11.2021

4.11.2021 

Çolakoğlu

 

 

 

 

DKP

4,955

500

0

-18

Ekstra

4,530

457

0

-16

Kroman

 

 

 

 

DKP

4,460

450

0

-16

Ekstra

4,190

423

0

-15

İsdemir

 

 

 

 

DKP

4,325

436

0

-16

Ekstra

4,320

436

0

-15

Asil Çelik

 

 

 

 

DKP

4,980

503

0

-18

Ekstra

4,370

441

0

-16

İDÇ

 

 

 

 

DKP

4,150

419

0

-15

Ekstra

4,130

417

0

-15

Erdemir

 

 

 

 

DKP

5,085

513

0

-18

Ekstra

5,080

513

0

-18

Diler Dış Tic.

 

 

 

 

DKP

4,580

462

0

-16

Ekstra

4,530

457

0

-16

Baştuğ

 

 

 

 

DKP

4,500

454

100

-6

Ekstra

4,000

404

100

-4

Sıddık

 

 

 

 

DKP

4,550

459

0

-16

Ekstra

4,500

454

0

-16

Ege Çelik

 

 

 

 

DKP

4,810

485

0

-17

Ekstra

4,370

441

0

-16

Mescier

 

 

 

 

DKP

4,550

459

130

-3

Ekstra

4,400

444

130

-2

Cansan

 

 

 

 

DKP

4,700

474

0

-17

Ekstra

4,100

414

0

-15

Kardemir

 

 

 

 

DKP

4,950

499

0

-18

Ekstra

4,715

476

0

-17

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 9.91

 

AyçaÖzbay
Ayça Özbay
Editor
All Articles by the Author

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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