More downward revisions in local Turkish scrap market

Friday, 10 January 2020 18:57:14 (GMT+3) | Istanbul

The domestic scrap market in Turkey has seen some more downward revisions as compared to earlier this week, partly to offset currency fluctuations. A decrease of TRY 60/mt in prices has resulted in a $6-7/mt decline in prices on dollar basis, while a drop of TRY 20/mt has allowed prices on dollar basis to remain relatively stable. In the meantime, the mills who have kept their purchase prices stable in the national currency have raised their prices on dollar basis by $3-4/mt. Sources say the currency fluctuation is one of the key reasons for the downward revisions by mills. In addition, the producers may adjust their local purchase price levels downwards in anticipation of some weakening in the import segment, SteelOrbis understands.

Producer/ product	Price (TRY/mt)	Price ($/mt)	Price changes (TRY/mt)	Price changes ($/mt)
Producer/ product	Price (TRY/mt)	Price ($/mt)	07.01.2020	07.01.2020
Çolakoğlu
P&S	1,880	320	0	+4
HMS I	1,750	298	0	+4
HMS I/II (70:30)	1,685	287	0	+4
HMS I/II (50:50)	1,635	278	0	+4
Turnings	1,435	244	0	+3
Kroman
P&S	1,630	277	-60	-6
HMS I	1,605	273	-60	-6
HMS I/II (70:30)	1,585	270	-60	-6
HMS I/II (50:50)	1,535	261	-60	-7
HMS II	1,210	206	-60	-7
Turnings	1,210	206	-60	-7
İsdemir
P&S	1,740	296	0	+4
HMS I	1,735	295	0	+4
Bonus	1,620	276	0	+4
HMS I/II (70:30)	1,455	247	0	+3
Asil Çelik
P&S	1,830	311	0	+4
HMS I	1,700	289	0	+4
HMS I/II (70:30)	1,540	262	0	+4
IDÇ
P&S	1,640	279	0	+4
HMS I	1,620	276	0	+4
Erdemir
P&S	1,880	320	0	+4
HMS I	1,875	319	0	+4
HMS I/II (70:30)	1,670	284	0	+4
HMS I/II (50:50)	900	153	0	+2
HMS II	600	102	0	+1
Koc Metalurji
P&S	1,670	284	-20	0
Bonus	1,640	279	-20	0
HMS I	1,430	243	-20	0
Diler Dış Tic.
P&S	1,780	303	-20	+1
HMS I	1,680	286	-20	0
HMS I/II (70:30)	1,620	276	-20	0
HMS I/II (50:50)	1,570	267	-20	0
HMS II	1,220	207	-20	-1
Baştuğ
HMS I	1,415	241	0	+3
HMS I/II (70:30)	1,300	221	0	+3
HMS I/II (50:50)	1,190	202	0	+3
Sıddık
P&S	1,700	289	0	+4
HMS I	1,670	284	0	+4
HMS I/II (70:30)	1,600	272	0	+4
HMS I/II (50:50)	1,550	264	0	+4
HMS II	1,270	216	0	+3
Ege Çelik
P&S	1,670	284	0	+4
Bonus	1,630	277	0	+4
HMS I	1,580	269	0	+4
Mescier
P&S	1,730	294	0	+4
HMS I	1,710	291	0	+4
HMS I/II (70:30)	1,660	282	0	+4
HMS I/II (50:50)	1,600	272	0	+4
HMS II	1,190	202	0	+3
Cansan
P&S	1,600	272	0	+4
HMS I	1,400	238	0	+3
HMS I/II (70:30)	1,400	238	0	+3
Kardemir
P&S	1,995	339	0	+5
HMS I	1,805	307	0	+4
HMS I/II (70:30)	1,735	295	0	+4
HMS I/II (50:50)	1,625	276	0	+4

All above prices are for deliveries to customer and exclude VAT.

$1 = TRY 5.96

More downward revisions in local Turkish scrap market

Similar articles

Carbon and stainless scrap prices in Taiwanese domestic market - week 17, 2024

Turkey’s ex-Baltic scrap prices move up, following deep sea prices

Local German scrap market moves up slightly in April

Import scrap prices in Bangladesh mainly stable in new containerized deals, more negotiations for bulk

P&S dock delivered scrap prices in Philadelphia

Philadelphia dock delivered prices for HMS I/II 80:20 scrap

Dock delivered prices for P&S scrap in New York

New York HMS I/II 80:20 dock delivered scrap prices

Mexican metal scrap imports fall 27 percent by value in February

Turkey closes new ex-Europe and ex-US deals, slow uptrend continues