Since SteelOrbis’ report published on May 31, two Turkish mills have decreased their local scrap purchase prices by TRY 150-250/mt or $26-39/mt. The depreciation of the Turkish lira against the US dollar has resulted in a $8-9/mt decrease in the dollar prices of the other mills that have kept their prices stable on lira basis, depending on the grade.
As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved down on the lower end from TRY 3,620-4,530 to TRY 3,620-4,280/mt, while the dollar-based quotations have moved from $426-533/mt to $418-494/mt.
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
31.05.2021 |
31.05.2021 |
|||
Çolakoğlu |
|
|
|
|
DKP |
4.150 |
479 |
0 |
-9 |
Ekstra |
3.795 |
438 |
0 |
-8 |
Kroman |
|
|
|
|
DKP |
3.660 |
423 |
0 |
-8 |
Ekstra |
3.540 |
409 |
0 |
-8 |
İsdemir |
|
|
|
|
DKP |
3.905 |
451 |
0 |
-8 |
Ekstra |
3.900 |
450 |
0 |
-8 |
Asil Çelik |
|
|
|
|
DKP |
4.150 |
479 |
0 |
-9 |
Ekstra |
3.750 |
433 |
0 |
-8 |
IDÇ |
|
|
|
|
DKP |
3.870 |
447 |
0 |
-8 |
Ekstra |
3.850 |
445 |
0 |
-8 |
Erdemir |
|
|
|
|
DKP |
4.210 |
486 |
0 |
-9 |
Ekstra |
4.205 |
486 |
0 |
-9 |
Koç Metalürji |
|
|
|
|
DKP |
3.700 |
427 |
-150 |
-26 |
Ekstra |
3.200 |
370 |
-200 |
-30 |
Diler Dış Tic. |
|
|
|
|
DKP |
3.720 |
430 |
0 |
-8 |
Ekstra |
3.650 |
421 |
0 |
-8 |
Sıddık |
|
|
|
|
DKP |
3.660 |
423 |
0 |
-8 |
Ekstra |
3.610 |
417 |
0 |
-8 |
Ege Çelik |
|
|
|
|
DKP |
4.110 |
475 |
0 |
-9 |
Ekstra |
3.820 |
441 |
0 |
-8 |
Mescier |
|
|
|
|
DKP |
3.620 |
418 |
0 |
-8 |
Ekstra |
3.600 |
416 |
0 |
-8 |
Kardemir |
|
|
|
|
DKP |
4.280 |
494 |
-250 |
-39 |
Ekstra |
3.995 |
461 |
-250 |
-38 |
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 8.66
