Local Turkish scrap market follows various trends

Friday, 19 June 2020 14:32:05 (GMT+3)   |   Istanbul

Today, June 19, the local Turkish scrap market has followed diverse trends. Most mills have kept their domestic scrap purchase prices stable on Turkish lira basis, resulting in a sideways movement in their dollar-based quotations. Two mills have cut their quotations by TRY 25-40/mt or $4-6/mt, while one mill have increased its purchase prices by TRY 40/mt or $5/mt.

The general range of the benchmark DKP grade scrap prices in Turkey is now in the range of TRY 1,675-2,075/mt ($244-302/mt), delivered to customer and excluding VAT. Domestic scrap prices in Turkey had been moving up with the support of the import scrap side and due to the ongoing lack of a full recovery of domestic supply. However, with two mills cutting their prices today, this uptrend seems to have come to a halt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

18.06.2020 

 18.06.2020

Çolakoğlu

 

 

 

 

DKP

1,960

286

0

0

Ekstra

1,835

267

0

0

Kroman

 

 

 

 

DKP

1,785

260

-25

-4

Ekstra

1,775

259

-25

-4

İsdemir

 

 

 

 

DKP

1,835

267

0

0

Ekstra

1,830

267

0

0

Asil Çelik

 

 

 

 

DKP

1,930

281

0

0

Ekstra

1,765

257

-40

-6

IDÇ

 

 

 

 

DKP

1,675

244

0

0

Ekstra

1,655

241

0

0

Erdemir

 

 

 

 

DKP

2,000

292

+40

+5

Ekstra

1,995

291

+40

+5

Koç Metalürji

 

 

 

 

DKP

1,720

251

0

0

Ekstra

1,500

219

0

0

Diler Dış Tic.

 

 

 

 

DKP

1,900

277

0

0

Ekstra

1,820

265

0

0

Baştuğ

 

 

 

 

Ekstra

1,630

238

0

0

Sıddık

 

 

 

 

DKP

1,870

273

0

0

Ekstra

1,820

265

0

0

Ege Çelik

 

 

 

 

DKP

1,845

269

0

0

Ekstra

1,685

246

0

0

Mescier

 

 

 

 

DKP

1,740

254

0

0

Ekstra

1,720

251

0

0

Cansan

 

 

 

 

Ekstra

1,340

195

0

0

Kardemir

 

 

 

 

DKP

2,075

302

0

0

Ekstra

1,915

279

0

0

All above prices are for deliveries to customer and exclude VAT. 

$1 = TRY 6.86

AyçaÖzbay
Ayça Özbay
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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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