More revisions in Turkey’s domestic scrap prices

Monday, 09 September 2019 15:28:03 (GMT+3)   |   Istanbul
       

A few Turkish mills have revised their domestic scrap purchasing prices downwards, following the sizeable drop of tags, seen on Friday. In the lira terms the prices went down by TRY 20-90/mt, but the largest decrease in the US dollar equivalent was registered at $10-17/mt depending on the mill and the scrap grade. “In September, we would expect domestic scrap purchases prices to fall a little further under normal conditions, but the market demand for finished steel products is very low,” a source told SteelOrbis. “There is a chance that mills will cut the crude steel production, which will affect their scrap purchases. If not and the finished steel prices continue going down, we might see lower scrap prices too,” he added.

 

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

06.09.2019

06.09.2019

Çolakoğlu

 

 

 

 

P&S

1,650

288

0

-2

HMS I

1,500

262

0

-1

HMS I/II (70:30)

1,450

253

0

-1

HMS I/II (50:50)

1,400

244

0

-1

Turnings

1,200

209

0

-1

Kroman

       

P&S

1,415

247

-20

-5

HMS I

1,380

241

-20

-5

HMS I/II (70:30)

1,365

238

-20

-5

HMS I/II (50:50)

1,215

212

-20

-5

HMS II

980

171

-20

-4

Turnings

980

171

-20

-4

İsdemir

       

P&S

1,480

258

-40

-8

HMS I

1,445

252

-40

-8

Bonus

1,350

236

-40

-8

HMS I/II (70:30)

1,230

215

-40

-8

Asil Çelik

       

P&S

1,620

283

0

-1

HMS I

1,470

257

0

-1

HMS I/II (70:30)

1,370

239

0

-1

IDÇ

       

P&S

1,445

252

0

-1

HMS I

1,425

249

0

-1

Erdemir

       

P&S

1,670

291

-90

-17

HMS I

1,665

291

-90

-17

HMS I/II (70:30)

1520

265

-60

-12

HMS I/II (50:50)

900

157

0

-1

HMS II

600

105

0

-1

Koç Metalürji

       

P&S

1340

234

-50

-10

Bonus

1310

229

-50

-10

HMS I

1070

187

-50

-10

Diler Dış Tic.

       

P&S

1,600

279

0

-1

HMS I

1,450

253

0

-1

HMS I/II (70:30)

1,350

236

0

-1

HMS I/II (50:50)

1,250

218

0

-1

HMS II

900

157

0

-1

Baştuğ

       

HMS I

1,150

201

0

-1

HMS I/II (70:30)

1,020

178

0

-1

HMS I/II (50:50)

970

169

0

-1

Sıddık

       

P&S

1,450

253

0

-1

HMS I

1,400

244

0

-1

HMS I/II (70:30)

1,350

236

0

-1

HMS I/II (50:50)

1,250

218

0

-1

Ege Çelik

       

P&S

1,655

289

0

-2

Bonus

1,560

272

0

-1

HMS I

1,510

264

0

-1

Mescier*

 

 

 

 

P&S

1,460

255

 

 

HMS I

1,440

251

 

 

HMS I/II (70:30)

1,390

243

 

 

HMS I/II (50:50)

1,330

232

 

 

HMS II

920

161

 

 

Cansan*

 

 

 

 

P&S

1,310

229

 

 

HMS I

1,280

223

 

 

HMS I/II (70:30)

1,080

188

 

 

Kardemir

       

P&S

1,770

309

-50

-10

HMS I

1,580

276

-50

-10

HMS I/II (70:30)

1,510

264

-50

-10

HMS I/II (50:50)

1,400

244

-50

-10

 

*Since domestic scrap purchase quotations of Mercier and Cansan were not shared last week, the weekly price change for these producers are not included in the table.

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

$1 = TRY 5.73


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