Local Turkish scrap market moves sideways

Wednesday, 24 February 2021 17:27:54 (GMT+3)   |   Istanbul
       

Although some Turkish producers have kept their rebar prices stable on Turkish lira basis today, February 24, this decision has resulted in a $7-9/mt decrease in their dollar-based quotations amid the depreciation of the Turkish lira against major currencies. Meanwhile some Turkish mills have increased their domestic scrap prices by TRY 100-270/mt or $6-30/mt, depending on the buyer and the grade.

Accordingly, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained at TRY 2,650-3,245/mt, while the dollar-based quotations have decreased from the range of $375-459/mt to $368-450/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

23.02.2021

23.02.2021 

Çolakoğlu

 

 

 

 

DKP

3,175

444

150

16

Ekstra

2,960

414

150

17

Kroman

 

 

 

 

DKP

3,000

420

140

15

Ekstra

2,860

400

270

34

İsdemir

 

 

 

 

DKP

2,965

415

0

-5

Ekstra

2,960

414

0

-5

Asil Çelik

 

 

 

 

DKP

3,175

444

150

16

Ekstra

2,885

403

225

27

IDÇ

 

 

 

 

DKP

2,650

371

0

-4

Ekstra

2,630

368

0

-4

Erdemir

 

 

 

 

DKP

3,025

423

0

-5

Ekstra

3,020

422

0

-5

Koç Metalürji

 

 

 

 

DKP

3,100

434

0

-5

Ekstra

2,750

385

0

-4

Diler Dış Tic,

 

 

 

 

DKP

3,050

427

150

16

Ekstra

2,950

413

150

17

Baştuğ

 

 

 

 

Ekstra

2,750

385

100

10

Sıddık

 

 

 

 

DKP

3,050

427

180

21

Ekstra

2,950

413

150

17

Ege Çelik

 

 

 

 

DKP

2,780

389

0

-4

Ekstra

2,650

371

0

-4

Mescier

 

 

 

 

DKP

2,870

401

100

10

Ekstra

2,850

399

100

10

Cansan

 

 

 

 

Ekstra

2,800

392

0

-4

Kardemir

 

 

 

 

DKP

3,245

454

0

-5

Ekstra

3,060

428

0

-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 7.21


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