Some upward revisions in local Turkish scrap market

Friday, 12 June 2020 15:15:31 (GMT+3)   |   Istanbul

Today, June 12, the domestic scrap purchase prices of some mills in Turkey have moved up further by TRY 25-50/mt, which equals a rise of $2-6/mt. As a result, the benchmark DKP grade quotations in the local Turkish scrap market have increased to TRY 1,655-2,075/mt or $242-304/mt. Prices of other mills have remained stable on Turkish lira basis, while they have declined by $1-2/mt in dollar-based quotations due to the depreciation of the lira.

Along with the uptrend of import scrap prices, the slow flow in the local market has been pushing up domestic scrap quotations all week. The increase recorded in quotations has totaled TRY 25-100/mt for the current week, depending on the mill and the grade.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

11.06.2020 

11.06.2020 

Çolakoğlu

 

 

 

 

DKP

1,920

281

0

-2

Ekstra

1,795

263

0

-2

Kroman

 

 

 

 

DKP

1,770

259

0

-2

Ekstra

1,760

258

0

-2

İsdemir

 

 

 

 

DKP

1,835

269

0

-2

Ekstra

1,830

268

0

-2

Asil Çelik

 

 

 

 

DKP

1,890

277

0

-2

Ekstra

1,765

258

0

-2

IDÇ

 

 

 

 

DKP

1,655

242

+25

+2

Ekstra

1,635

239

+25

+2

Erdemir

 

 

 

 

DKP

1,960

287

0

-2

Ekstra

1,955

286

0

-2

Koç Metalürji

 

 

 

 

DKP

1,720

252

0

-1

Ekstra

1,500

220

0

-1

Diler Dış Tic.

 

 

 

 

DKP

1,880

275

0

-2

Ekstra

1,770

259

0

-2

Baştuğ

 

 

 

 

Ekstra

1,630

239

0

-1

Sıddık

 

 

 

 

DKP

1,830

268

0

-2

Ekstra

1,770

259

0

-2

Ege Çelik

 

 

 

 

DKP

1,845

270

+40

+4

Ekstra

1,685

247

+45

+5

Mescier

 

 

 

 

DKP

1,740

255

0

-2

Ekstra

1,720

252

0

-1

Cansan

 

 

 

 

Ekstra

1,340

196

0

-1

Kardemir

 

 

 

 

DKP

2,075

304

+50

+6

Ekstra

1,915

280

+50

+6

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

$1 = TRY 6.83

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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