Local Turkish scrap market moves down on dollar basis under exchange rate pressure

Tuesday, 30 November 2021 14:25:23 (GMT+3)   |   Istanbul
       

Diverse trends have been observed in the local Turkish scrap market since SteelOrbis’ report published on Friday, November 26. Some mills have continued to increase their domestic scrap procurement prices by TRY 80-800/mt, with a decrease on the lower end in dollar prices by $7-26/mt and a rise on the upper end of $32-34/mt. Other mills have kept their lira-based purchase prices stable, with their dollar-based quotations now $27-34/mt lower as compared to November 26. 

As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has increased on the upper end from TRY 4,890-6,130/mt to TRY 4,890-6,280/mt, while on US dollar basis prices have been revised from $404-507/mt to $377-484/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 26.11.2021

26.11.2021

Çolakoğlu

 

 

 

 

DKP

6,255

482

250

-14

Ekstra

5,830

449

250

-12

Kroman

 

 

 

 

DKP

6,150

474

250

-14

Ekstra

5,830

449

250

-12

İsdemir

 

 

 

 

DKP

5,900

455

0

-33

Ekstra

5,895

455

0

-33

Asil Çelik

 

 

 

 

DKP

6,280

484

250

-15

Ekstra

5,790

446

250

-12

İDÇ

 

 

 

 

DKP

4,890

377

0

-27

Ekstra

4,870

375

0

-27

Erdemir

 

 

 

 

DKP

6,135

473

0

-34

Ekstra

6,130

473

0

-34

Diler Dış Tic.

 

 

 

 

DKP

5,930

457

250

-13

Ekstra

5,830

449

250

-12

Baştuğ

 

 

 

 

DKP

5,500

424

0

-31

Ekstra

5,000

386

0

-28

Sıddık

 

 

 

 

DKP

5,930

457

250

-13

Ekstra

5,830

449

250

-12

Ege Çelik

 

 

 

 

DKP

5,820

449

80

-26

Ekstra

5,400

416

80

-24

Mescier

 

 

 

 

DKP

5,750

443

300

-7

Ekstra

5,600

432

300

-7

Cansan

 

 

 

 

DKP

5,750

443

0

-32

Ekstra

5,150

397

0

-29

Kardemir

 

 

 

 

DKP

6,050

466

800

32

Ekstra

5,815

448

800

34

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 12.97

 


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