Following the price increases announced yesterday by two Turkish mills, another one in Turkey’s Izmir region has also raised its prices today, September 28, by TRY 100/mt ($9/mt). The previous revision by Ege Çelik was done on September 9. With Turkish lira unabatedly loosing strength against the US dollar, other producers’ strategy to keep their domestic scrap purchase prices stable has resulted in a $2/mt decrease.
As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained in the range of TRY 3,520-4,240/mt, while on USD basis they have settled at $397-478/mt versus $399-480/mt.
|
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
|
27.09.2021 |
27.09.2021 |
|||
|
Ege Çelik |
|
|
|
|
|
DKP |
4,070 |
459 |
100 |
9 |
|
Ekstra |
3,630 |
409 |
100 |
9 |
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 8.87