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

AyçaÖzbay
Ayça Özbay
Editor
All Articles by the Author

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.

Marketplace Offers

Scrap

  Tin foil
Tedarikçi GERDAU CORSA
View Offer

Scrap

  Burr
Tedarikçi GERDAU CORSA
View Offer

Scrap

  Industrial return
Tedarikçi GERDAU CORSA
View Offer

Similar articles

Ex-Baltic scrap prices in Turkey soften amid lack of buyer interest

Some Turkish mills increase local scrap prices to offset weaker lira

Ex-US scrap deal in Turkey concluded at close to $410/mt CFR

Prices in local Turkish scrap market remains stable on lira basis

Turkey's import scrap prices rise further as market sentiment remains firm

Turkey's first ex-US scrap booking after a long absence confirms firm prices

Local Turkish scrap prices unchanged on lira basis

Negative sentiments persist in Turkey's import scrap market

Negative import scrap sentiment halts domestic price uptrend in Turkey

Turkey's import scrap market drops as anticipated, further decline possible