New downward adjustments in Turkey’s local scrap market

Monday, 27 January 2020 18:00:44 (GMT+3)   |   Istanbul

Some of the main steel mills in Turkey, mainly the integrated producers, have decreased their domestic scrap purchase prices today, January 27, following a key steel producer’s downward adjustment at the end of last week. The key reason is still the negative sentiment in the import scrap segment. As a result, local scrap purchase prices in Turkey have decreased by TRY 10-40/mt or $2-7/mt depending on the buyer and the scrap grade. The import scrap segment has had a quiet start this week, while market sources believe the next deep sea deals will largely determine the future trend of Turkey’s local scrap market, SteelOrbis understands.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

24.01.2020

24.01.2020

Çolakoğlu

       

P&S

1,820

306

0

-1

HMS I

1,690

285

0

0

HMS I/II (70:30)

1,625

274

0

0

HMS I/II (50:50)

1,575

265

0

0

Turnings

1,375

231

0

0

Kroman

   

 

 

P&S

1,560

263

0

0

HMS I

1,535

258

0

0

HMS I/II (70:30)

1,485

250

0

0

HMS I/II (50:50)

1,435

242

0

0

HMS II

1,110

187

0

0

Turnings

1,110

187

0

0

İsdemir

   

 

 

P&S

1,650

278

-30

-6

HMS I

1,645

277

-30

-6

Bonus

1,500

253

-30

-5

HMS I/II (70:30)

1,335

225

-30

-5

Asil Çelik

   

 

 

P&S

1,790

301

0

-1

HMS I

1,630

274

0

0

HMS I/II (70:30)

1,470

247

0

0

IDÇ

   

 

 

P&S

1,570

264

0

0

HMS I

1,550

261

0

0

Erdemir

   

 

 

P&S

1,810

305

-30

-6

HMS I

1,805

304

-30

-6

HMS I/II (70:30)

1,600

269

-30

-6

HMS I/II (50:50)

900

152

0

0

HMS II

600

101

0

0

Koc Metalurji

   

 

 

P&S

1,560

263

0

-4

Bonus

1,530

258

0

-4

HMS I

1,320

222

0

-4

Diler Dış Tic.

   

 

 

P&S

1,770

298

0

-1

HMS I

1,660

279

0

0

HMS I/II (70:30)

1,540

259

0

0

HMS I/II (50:50)

1,490

251

0

0

HMS II

1,130

190

0

0

Baştuğ

   

 

 

HMS I

1,355

228

0

0

HMS I/II (70:30)

1,235

208

0

0

HMS I/II (50:50)

1,125

189

0

0

Sıddık

   

 

 

P&S

1,610

271

0

0

HMS I

1,590

268

0

0

HMS I/II (70:30)

1,490

251

0

0

HMS I/II (50:50)

1,440

242

0

0

HMS II

1,120

189

0

0

Ege Çelik

   

 

 

P&S

1,695

285

0

0

Bonus

1,655

279

0

0

HMS I

1,605

270

0

0

Mescier

   

 

 

P&S

1,620

273

0

0

HMS I

1,600

269

0

0

HMS I/II (70:30)

1,530

258

0

0

HMS I/II (50:50)

1,450

244

0

0

Cansan

   

 

 

P&S

1,530

258

-10

-2

HMS I

1,320

222

-10

-2

HMS I/II (70:30)

1,320

222

-10

-2

Kardemir

       

P&S

1,905

321

-40

-7

HMS I

1,715

289

-40

-7

HMS I/II (70:30)

1,645

277

-40

-7

HMS I/II (50:50)

1,535

258

-40

-7

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

$1 = TRY 5.94

MelekDurmaz Aktaş
Melek Durmaz Aktaş
Editor
All Articles by the Author

I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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