Over the past week, all Turkish mills have reduced their domestic scrap procurement prices. The total of downward revision has reached TRY 300-1,250/mt or $18-74/mt. The depreciation of the Turkish lira has not helped the fall in dollar-based quotations either. Since Turkey’s finished steel sales are failing to improve, the pressure on raw material prices has increased, resulting in another fall in domestic scrap prices.
As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap have decreased from the range of TRY 6,500-7,950/mt ($376-459/mt) to TRY 5,700-6,850/mt ($328-394/mt).
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
17.06.2022 |
17.06.2022 |
|||
Çolakoğlu |
|
|
|
|
DKP |
6,480 |
373 |
-1,050 |
-62 |
Ekstra |
5,955 |
343 |
-1,050 |
-62 |
Kroman |
|
|
|
|
DKP |
6,300 |
363 |
-300 |
-18 |
Ekstra |
5,400 |
311 |
-400 |
-24 |
İsdemir |
|
|
|
|
DKP |
6,450 |
371 |
-850 |
-51 |
Ekstra |
6,445 |
371 |
-850 |
-50 |
Asil Çelik |
|
|
|
|
DKP |
6,550 |
377 |
-1,050 |
-62 |
Ekstra |
5,955 |
343 |
-1,095 |
-64 |
İDÇ |
|
|
|
|
DKP |
6,200 |
357 |
-300 |
-19 |
Ekstra |
6,180 |
356 |
-300 |
-18 |
Erdemir |
|
|
|
|
DKP |
6,480 |
373 |
-1,050 |
-62 |
Ekstra |
6,475 |
373 |
-1,050 |
-62 |
Diler Dış Tic. |
|
|
|
|
DKP |
6,080 |
350 |
-520 |
-31 |
Ekstra |
5,920 |
341 |
-520 |
-31 |
Baştuğ |
|
|
|
|
DKP |
5,750 |
331 |
-1,250 |
-73 |
Ekstra |
4,350 |
250 |
-1,250 |
-74 |
Sıddık |
|
|
|
|
DKP |
5,700 |
328 |
-850 |
-50 |
Ekstra |
5,550 |
320 |
-840 |
-49 |
Mescier |
|
|
|
|
DKP |
5,700 |
328 |
-800 |
-48 |
Ekstra |
5,500 |
317 |
-800 |
-47 |
Cansan |
|
|
|
|
DKP |
6,000 |
345 |
-850 |
-51 |
Ekstra |
4,800 |
276 |
-850 |
-50 |
Kardemir |
|
|
|
|
DKP |
6,850 |
394 |
-1,100 |
-65 |
Ekstra |
6,715 |
387 |
-1,100 |
-64 |
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 17.37
