Most Turkish mills hike local scrap purchase prices, some announce cuts

Since SteelOrbis’ report published on March 11, some Turkish mills have decided on another round of price increases for domestic scrap procurement, while a few decreases have also been announced in this period of time. The upward revisions are in the range of TRY 200-1,000/mt or $17-72/mt, with the increases in dollar-based prices also supported by the appreciation of the Turkish lira against the US dollar. On the other hand, a few producers have decided to cut their prices by TRY 200/mt or $10-11/mt, and others have just kept their prices stable, with a $3-4/mt increase in dollar-price equivalents.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained stable in the range of TRY 7,575-10,350/mt, while prices on US dollar basis have been revised from $514-703/mt to $517-707/mt.

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 14.64