Local Turkish scrap market moves down on upper end

Friday, 08 November 2024 17:45:58 (GMT+3)   |   Istanbul

With some Turkish mills dropping their domestic scrap purchase prices over the past week, the upper end of the general range has declined. Three producers have decreased their prices for the local benchmark DKP grade scrap by TRY 50-200/mt or $2-6/mt this week, while the others have kept their prices stable.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap is now at TRY 11,800-13,150/mt in the local currency, down TRY 150/mt week on week on the upper end. The dollar-based prices have decreased by just $1/mt on the lower end and by $4/mt on the upper end to $343-383/mt amid the depreciation the Turkish lira against the US dollar.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

1.11.2024 

1.11.2024 

Çolakoğlu

 

 

 

 

DKP

12.705

370

0

0

Extra

12.180

354

0

0

Kroman

 

 

 

 

DKP

12.350

359

0

0

Extra

11.900

346

0

0

İsdemir

 

 

 

 

DKP

12.300

358

-200

-6

Extra

12.250

356

-200

-6

Asil Çelik

 

 

 

 

DKP

12.475

363

0

0

Extra

11.765

342

0

0

Erdemir

 

 

 

 

DKP

12.875

375

0

0

Extra

12.870

374

0

0

Diler Dış Tic.

 

 

 

 

DKP

11.850

345

0

0

Extra

11.750

342

0

0

Baştuğ

 

 

 

 

DKP

12.500

364

0

0

Extra

8.000

233

0

0

Sıddık

 

 

 

 

DKP

11.850

345

0

0

Extra

11.750

342

0

0

Ege Çelik

 

 

 

 

DKP

12.750

371

-50

-2

Extra

12.500

364

-50

-2

Mescier

 

 

 

 

DKP

11.800

343

0

0

Extra

11.600

338

0

0

Cansan

 

 

 

 

DKP

12.300

358

0

0

Extra

9.400

273

0

0

Kardemir

 

 

 

 

DKP

13.150

383

-150

-5

Extra

12.915

376

-150

-5

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 34.37


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