Some Turkish mills revise local scrap purchase prices downwards

Monday, 03 February 2020 17:26:09 (GMT+3)   |   Istanbul

Some of the main steel producers in Turkey have decreased their domestic scrap purchase prices today, February 3, by TRY 20-30/mt or $5-7/mt depending on the buyer and the raw materials grade. Others have preferred to keep the prices stable in the national currency, resulting in a decline of $1-2/mt on dollar basis. Overall, the market is waiting to see the new workable scrap prices in the import segment, which will largely define mills’ actions in the domestic market. Most sources expect that this week more mills will revise their prices downwards, SteelOrbis understands.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

28.01.2020

28.01.2020

Çolakoğlu

       

P&S

1,800

301

0

-2

HMS I

1,670

279

0

-2

HMS I/II (70:30)

1,605

268

0

-2

HMS I/II (50:50)

1,555

260

0

-2

Turnings

1,355

227

0

-2

Kroman

   

 

 

P&S

1,530

256

-30

-7

HMS I

1,505

252

-30

-7

HMS I/II (70:30)

1,455

243

-30

-7

HMS I/II (50:50)

1,405

235

-30

-7

HMS II

1,080

181

-30

-6

Turnings

1,080

181

-30

-6

İsdemir

   

 

 

P&S

1,650

276

0

-2

HMS I

1,645

275

0

-2

Bonus

1,500

251

0

-2

HMS I/II (70:30)

1,335

223

0

-2

Asil Çelik

   

 

 

P&S

1,770

296

0

-2

HMS I

1,610

269

0

-2

HMS I/II (70:30)

1,450

242

0

-2

IDÇ

   

 

 

P&S

1,570

263

0

-2

HMS I

1,550

259

0

-2

Erdemir

   

 

 

P&S

1,810

303

0

-2

HMS I

1,805

302

0

-2

HMS I/II (70:30)

1,600

268

0

-2

HMS I/II (50:50)

900

151

0

-1

HMS II

600

100

0

-1

Koc Metalurji

   

 

 

P&S

1,520

254

0

-2

Bonus

1,490

249

0

-2

HMS I

1,280

214

0

-1

Diler Dış Tic.

   

 

 

P&S

1,730

289

-20

-5

HMS I

1,620

271

-20

-5

HMS I/II (70:30)

1,500

251

-20

-5

HMS I/II (50:50)

1,450

242

-20

-5

HMS II

1,090

182

-20

-5

Baştuğ

   

 

 

HMS I

1,325

222

0

-1

HMS I/II (70:30)

1,210

202

0

-1

HMS I/II (50:50)

1,100

184

0

-1

Sıddık

   

 

 

P&S

1,570

263

-20

-5

HMS I

1,550

259

-20

-5

HMS I/II (70:30)

1,440

241

-30

-7

HMS I/II (50:50)

1,390

232

-30

-7

HMS II

1,070

179

-30

-6

Ege Çelik

   

 

 

P&S

1,695

283

0

-2

Bonus

1,655

277

0

-2

HMS I

1,605

268

0

-2

Mescier

   

 

 

P&S

1,620

271

0

-2

HMS I

1,600

268

0

-2

HMS I/II (70:30)

1,530

256

0

-2

HMS I/II (50:50)

1,450

242

0

-2

Cansan

   

 

 

P&S

1,510

253

0

-2

HMS I

1,300

217

0

-1

HMS I/II (70:30)

1,300

217

0

-1

Kardemir

       

P&S

1,905

319

0

-2

HMS I

1,715

287

0

-2

HMS I/II (70:30)

1,645

275

0

-2

HMS I/II (50:50)

1,535

257

0

-2

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

$1 = TRY 5.98

 

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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