Local Turkish scrap prices fall further

Friday, 12 March 2021 16:58:24 (GMT+3)   |   Istanbul

Today, March 12, some Turkish mills have decreased their local scrap purchase prices by TRY 50-150/mt ($13-28/mt). Meanwhile, some Turkish mills have kept their prices stable in the local currency, with their dollar-based quotations falling by $2-9/mt, amid currency fluctuations.

Accordingly, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has settled at TRY 2,900-3,720/mt, while the dollar-based quotations have fallen from the range of $409-499/mt to $382-490/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

11.03.2021

11.03.2021 

Çolakoğlu

 

 

 

 

DKP

3,495

460

-50

-15

Ekstra

3,280

432

-50

-14

Kroman

 

 

 

 

DKP

3,225

425

-100

-21

Ekstra

3,145

414

-110

-22

İsdemir

 

 

 

 

DKP

3,315

437

-150

-28

Ekstra

3,310

436

-150

-28

Asil Çelik

 

 

 

 

DKP

3,460

456

-50

-15

Ekstra

3,150

415

-50

-14

IDÇ

 

 

 

 

DKP

3,220

424

0

-7

Ekstra

3,200

422

0

-7

Erdemir

 

 

 

 

DKP

3,455

455

-150

-28

Ekstra

3,450

455

-150

-28

Koç Metalürji

 

 

 

 

DKP

2,900

382

-150

-27

Ekstra

2,500

329

-150

-26

Diler Dış Tic,

 

 

 

 

DKP

3,270

431

-70

-17

Ekstra

3,150

415

-90

-19

Baştuğ

 

 

 

 

Ekstra

2,550

336

-150

-26

Sıddık

 

 

 

 

DKP

3,200

422

-80

-18

Ekstra

3,100

408

-100

-21

Ege Çelik

 

 

 

 

DKP

3,300

435

0

-8

Ekstra

3,450

455

-150

-28

Mescier

 

 

 

 

DKP

3,120

411

-50

-14

Ekstra

3,100

408

-50

-14

Cansan

 

 

 

 

Ekstra

2,850

375

0

-7

Kardemir

 

 

 

 

DKP

3,720

490

0

-9

Ekstra

3,535

466

0

-8

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 7.59

MelekDurmaz Aktaş
Melek Durmaz Aktaş
Editor
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I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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