Most Turkish mills reduce domestic scrap purchase prices

Monday, 25 January 2021 17:39:45 (GMT+3)   |   Istanbul

Most Turkish mills have reduced their domestic scrap purchase prices as compared to the levels recorded on January 22, with the decrease in the range of TRY 20-200/mt or $2-26/mt, depending on the buyer and grade. The dollar-based quotations of the other mills which decided to keep their lira-based prices unchanged have increased by $1/mt as the Turkish lira has regained some strength against the US dollar.

Since Friday, January 21, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved down from the range of TRY 3,120-3,525/mt to TRY 2,950-3,525/mt, while the dollar-based quotations have decreased from the range of $422-476/mt to $400-478/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

22.01.2021

22.01.2021 

Çolakoğlu

 

 

 

 

DKP

3,425

464

-50

-6

Ekstra

3,190

432

-50

-6

Kroman

 

 

 

 

DKP

3,305

448

0

1

Ekstra

3,075

417

-20

-2

İsdemir

 

 

 

 

DKP

3,265

442

-50

-6

Ekstra

3,260

442

-50

-6

Asil Çelik

 

 

 

 

DKP

3,430

465

-55

-6

Ekstra

3,060

415

-40

-4

IDÇ

 

 

 

 

DKP

3,130

424

-130

-16

Ekstra

3,110

421

-130

-16

Erdemir

 

 

 

 

DKP

3,475

471

-50

-5

Ekstra

3,470

470

-50

-5

Koç Metalürji

 

 

 

 

DKP

2,950

400

-200

-26

Ekstra

2,650

359

-200

-26

Diler Dış Tic,

 

 

 

 

DKP

3,220

436

-70

-8

Ekstra

3,100

420

-70

-8

Baştuğ

 

 

 

 

Ekstra

2,700

366

-100

-13

Sıddık

 

 

 

 

DKP

3,110

421

-40

-4

Ekstra

3,050

413

-40

-4

Ege Çelik

 

 

 

 

DKP

3,220

436

-60

-7

Ekstra

3,090

419

-60

-7

Mescier

 

 

 

 

DKP

3,120

423

0

1

Ekstra

3,100

420

0

1

Cansan

 

 

 

 

Ekstra

2,650

359

-100

-13

Kardemir

 

 

 

 

DKP

3,525

478

0

1

Ekstra

3,340

453

0

1

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 7.38

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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