Since SteelOrbis’ report published on May 26, many Turkish mills have decreased their local scrap purchase prices by TRY 25-250/mt or $15-40/mt. The depreciation of the Turkish lira has deepened the fall of dollar-based equations of quotations and also resulted in a $3-13/mt decrease in the dollar prices of the other mills that have kept their prices stable on lira basis. SteelOrbis has been informed that local scrap flow to mills is currently strong.
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 3,680-4,530 to TRY 3,660-4,530/mt, while the dollar-based quotations have moved from $439-540/mt to $426-527/mt.
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
26.05.2021 |
26.05.2021 |
|||
Çolakoğlu |
|
|
|
|
DKP |
4,225 |
491 |
0 |
-12 |
Ekstra |
3,910 |
455 |
0 |
-11 |
Kroman |
|
|
|
|
DKP |
3,660 |
426 |
-250 |
-40 |
Ekstra |
3,540 |
412 |
-250 |
-40 |
İsdemir |
|
|
|
|
DKP |
3,980 |
463 |
-150 |
-29 |
Ekstra |
3,975 |
462 |
-150 |
-29 |
Asil Çelik |
|
|
|
|
DKP |
4,225 |
491 |
-25 |
-15 |
Ekstra |
3,840 |
447 |
-40 |
-16 |
IDÇ |
|
|
|
|
DKP |
3,870 |
450 |
0 |
-11 |
Ekstra |
3,850 |
448 |
0 |
-11 |
Erdemir |
|
|
|
|
DKP |
4,285 |
498 |
0 |
-12 |
Ekstra |
4,280 |
498 |
0 |
-12 |
Koç Metalürji |
|
|
|
|
DKP |
3,850 |
448 |
0 |
-11 |
Ekstra |
3,400 |
395 |
0 |
-10 |
Diler Dış Tic. |
|
|
|
|
DKP |
3,770 |
438 |
-100 |
-23 |
Ekstra |
3,700 |
430 |
-100 |
-23 |
Sıddık |
|
|
|
|
DKP |
3,710 |
431 |
-80 |
-20 |
Ekstra |
3,660 |
426 |
-80 |
-20 |
Ege Çelik |
|
|
|
|
DKP |
4,110 |
478 |
0 |
-12 |
Ekstra |
3,820 |
444 |
0 |
-11 |
Mescier |
|
|
|
|
DKP |
3,720 |
433 |
-150 |
-29 |
Ekstra |
3,700 |
430 |
-150 |
-29 |
Kardemir |
|
|
|
|
DKP |
4,530 |
527 |
0 |
-13 |
Ekstra |
4,245 |
494 |
0 |
-12 |
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 8.60
