Local Turkish scrap prices rise on dollar basis

Friday, 07 May 2021 16:40:43 (GMT+3)   |   Istanbul

Today, May 7, dollar-based prices in the local Turkish scrap market have increased with the support of the appreciation of the Turkish lira against the US dollar. Also, some Turkish mills have raised their domestic scrap prices by TRY 25-100/mt. Accordingly, the total rise on US dollar basis has been in the range of $4-18/mt, depending on the grade.

As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved up on the upper end from TRY 3,400-4,030/mt to TRY 3,400-4,130, while dollar-based quotations have moved up from $407-483/mt to $412-501/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

05.05.2021 

 05.05.2021

Çolakoğlu

 

 

 

 

DKP

3,925

476

0

6

Ekstra

3,610

438

0

5

Kroman

 

 

 

 

DKP

3,710

450

0

5

Ekstra

3,590

435

0

5

İsdemir

 

 

 

 

DKP

4,030

488

100

18

Ekstra

4,025

488

100

18

Asil Çelik

 

 

 

 

DKP

3,960

480

25

9

Ekstra

3,600

436

0

5

IDÇ

 

 

 

 

DKP

3,400

412

0

5

Ekstra

3,380

410

0

5

Erdemir

 

 

 

 

DKP

3,985

483

0

6

Ekstra

3,980

482

0

6

Koç Metalürji

 

 

 

 

DKP

3,850

467

100

18

Ekstra

3,450

418

100

17

Diler Dış Tic.

 

 

 

 

DKP

3,670

445

0

5

Ekstra

3,600

436

0

5

Baştuğ

 

 

 

 

Ekstra

3,750

455

0

5

Sıddık

 

 

 

 

DKP

3,650

442

0

5

Ekstra

3,600

436

0

5

Ege Çelik

 

 

 

 

DKP

3,680

446

0

5

Ekstra

3,500

424

0

5

Mescier

 

 

 

 

DKP

3,620

439

0

5

Ekstra

3,600

436

0

5

Kardemir

 

 

 

 

DKP

4,130

501

100

18

Ekstra

3,845

466

100

18

 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 8.25

AyçaÖzbay
Ayça Özbay
Editor
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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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