Negative sentiment continues in local Turkish scrap market

Monday, 15 March 2021 18:48:38 (GMT+3)   |   Istanbul
       

As negative the sentiment has continued in the local Turkish scrap market, some Turkish mills have decreased their local scrap purchase prices by TRY 50-400/mt ($4-50/mt) as compared to the levels recorded on Friday, March 12. Meanwhile, some Turkish mills have kept their prices stable in the local currency, with their dollar-based quotations rising by $2-3/mt today amid the appreciation of the lira against the US dollar.

Accordingly, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has settled at TRY 2,900-3,645/mt, while the dollar-based quotations have moved from the range of $382-490/mt to $384-483/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

12.03.2021

12.03.2021 

Çolakoğlu

 

 

 

 

DKP

3,445

456

-50

-4

Ekstra

3,230

428

-50

-4

Kroman

 

 

 

 

DKP

3,120

413

-105

-12

Ekstra

3,040

403

-105

-11

İsdemir

 

 

 

 

DKP

3,315

439

0

2

Ekstra

3,310

438

0

2

Asil Çelik

 

 

 

 

DKP

3,410

452

-50

-4

Ekstra

3,100

411

-50

-4

IDÇ

 

 

 

 

DKP

3,220

426

0

2

Ekstra

3,200

424

0

2

Erdemir

 

 

 

 

DKP

3,455

458

0

3

Ekstra

3,450

457

0

2

Koç Metalürji

 

 

 

 

DKP

2,900

384

0

2

Ekstra

2,500

331

0

2

Diler Dış Tic,

 

 

 

 

DKP

3,200

424

-70

-7

Ekstra

3,100

411

-50

-4

Baştuğ

 

 

 

 

Ekstra

2,400

318

-150

-18

Sıddık

 

 

 

 

DKP

3,130

415

-70

-7

Ekstra

3,050

404

-50

-4

Ege Çelik

 

 

 

 

DKP

3,300

437

0

2

Ekstra

3,150

417

0

2

Mescier

 

 

 

 

DKP

3,120

413

0

2

Ekstra

3,100

411

0

3

Cansan

 

 

 

 

Ekstra

2,450

325

-400

-50

Kardemir

 

 

 

 

DKP

3,645

483

-75

-7

Ekstra

3,460

458

-75

-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 7.55


Similar articles

P&S dock delivered scrap prices in Philadelphia

24 Apr | Scrap & Raw Materials

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

24 Apr | Scrap & Raw Materials

Dock delivered prices for P&S scrap in New York

24 Apr | Scrap & Raw Materials

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

24 Apr | Scrap & Raw Materials

Mexican metal scrap imports fall 27 percent by value in February

24 Apr | Steel News

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

24 Apr | Scrap & Raw Materials

Local Chinese scrap prices increase as demand gradually improves

24 Apr | Scrap & Raw Materials

India’s import scrap prices inch up amid expected finished steel price rise

24 Apr | Scrap & Raw Materials

Pakistani scrap importers keep pushing for additional discounts

24 Apr | Scrap & Raw Materials

Turkey’s import scrap market moves up in a slow pace

23 Apr | Scrap & Raw Materials