Some Turkish mills hike domestic scrap prices, others keep them stable

Friday, 11 March 2022 17:43:53 (GMT+3)   |   Istanbul

Today, March 11, some Turkish mills have decided on another round of price increase for domestic scrap procurement, while most of them have just kept their quotations stable after the rises they announced yesterday. The upward revisions are in the range of TRY 350-500/mt or $25-38/mt, while other producers’ dollar-based prices have moved up by $3-4/mt amid the appreciation of the Turkish lira against the US dollar.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved from the TRY 7,575-9,850mt to TRY 7,575-10,350/mt, while dollar-based prices have been revised from $511-664/mt to $514-703/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 10.03.2022

10.03.2022 

Çolakoğlu

 

 

 

 

DKP

9,905

672

350

28

Ekstra

9,380

637

350

28

Kroman

 

 

 

 

DKP

9,750

662

300

25

Ekstra

9,380

637

350

28

İsdemir

 

 

 

 

DKP

8,450

574

0

4

Ekstra

8,445

573

0

4

Asil Çelik

 

 

 

 

DKP

7,575

514

0

3

Ekstra

6,850

465

0

3

İDÇ

 

 

 

 

DKP

9,000

611

0

4

Ekstra

8,980

610

0

4

Erdemir

 

 

 

 

DKP

9,355

635

0

4

Ekstra

9,350

635

0

4

Diler Dış Tic.

 

 

 

 

DKP

9,550

648

350

28

Ekstra

9,380

637

350

28

Baştuğ

 

 

 

 

DKP

8,500

577

0

4

Ekstra

7,500

509

0

3

Sıddık

 

 

 

 

DKP

9,550

648

350

28

Ekstra

9,380

637

350

28

Ege Çelik

 

 

 

 

DKP

9,220

626

0

4

Ekstra

8,870

602

0

4

Mescier

 

 

 

 

DKP

8,150

553

0

4

Ekstra

8,000

543

0

4

Cansan

 

 

 

 

DKP

8,700

591

0

4

Ekstra

7,600

516

0

3

Kardemir

 

 

 

 

DKP

10,350

703

500

38

Ekstra

10,215

693

500

38

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 14.73

AyçaÖzbay
Ayça Özbay
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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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