Some Turkish mills cut their domestic scrap purchase prices

Friday, 22 January 2021 15:58:48 (GMT+3)   |   Istanbul

Some Turkish mills have announced reduced domestic scrap purchase prices on Turkish lira basis as compared to the levels recorded on January 21, with the decrease in the range of TRY 10-110/mt or $1-15/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 remained stable as the Turkish lira-US dollar exchange rate has moved sideways.

Since yesterday (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 3,150-3,575/mt to TRY 3,120-3,525/mt, while the dollar-based quotations have decreased from the range of $426-483/mt to $422-476/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

21.01.2021

21.01.2021 

Çolakoğlu

 

 

 

 

DKP

3,475

470

0

0

Ekstra

3,240

438

0

0

Kroman

 

 

 

 

DKP

3,305

447

0

0

Ekstra

3,095

418

0

0

İsdemir

 

 

 

 

DKP

3,315

448

-50

-7

Ekstra

3,310

447

-50

-7

Asil Çelik

 

 

 

 

DKP

3,485

471

0

0

Ekstra

3,100

419

0

0

IDÇ

 

 

 

 

DKP

3,260

441

0

0

Ekstra

3,240

438

0

0

Erdemir

 

 

 

 

DKP

3,525

476

-50

-7

Ekstra

3,520

476

-50

-7

Koç Metalürji

 

 

 

 

DKP

3,150

426

0

0

Ekstra

2,850

385

0

0

Diler Dış Tic,

 

 

 

 

DKP

3,290

445

-30

-4

Ekstra

3,170

428

-30

-4

Baştuğ

 

 

 

 

Ekstra

2,800

378

0

0

Sıddık

 

 

 

 

DKP

3,150

426

-50

-7

Ekstra

3,090

418

-10

-1

Ege Çelik

 

 

 

 

DKP

3,280

443

-110

-15

Ekstra

3,150

426

-110

-15

Mescier

 

 

 

 

DKP

3,120

422

-50

-7

Ekstra

3,100

419

-50

-7

Cansan

 

 

 

 

Ekstra

2,750

372

0

0

Kardemir

 

 

 

 

DKP

3,525

476

0

0

Ekstra

3,340

451

0

0

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 7.40

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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