Turkish domestic dollar-based scrap prices continue to decline

Friday, 20 October 2023 17:37:14 (GMT+3)   |   Istanbul

Turkish mills have mostly kept their domestic scrap prices stable over the past week, while a few producers decided to cut their purchase quotations in this period. The declines announced by some mills were in the range of TRY 100-200/mt week on week. With the Turkish lira’s ongoing depreciation against the US dollar, all Turkish producers’ dollar-based prices have declined by $2-10/mt in the same term. While the general range in the local Turkish scrap market for the benchmark DKP grade scrap is still at TRY 9,000-10,150/mt, dollar-based quotations have declined from $324-365/mt to $321-363/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

13.10.2023

13.10.2023 

Çolakoğlu

 

 

 

 

DKP

9,955

356

0

-2

Extra

9,430

337

0

-2

Kroman

 

 

 

 

DKP

9,250

330

0

-3

Extra

8,700

311

0

-2

İsdemir

 

 

 

 

DKP

10,000

357

-100

-6

Extra

9,950

355

-100

-7

Asil Çelik

 

 

 

 

DKP

10,055

359

0

-3

Extra

9,355

334

0

-3

Erdemir

 

 

 

 

DKP

10,100

361

0

-2

Extra

10,095

361

0

-2

Diler Dış Tic.

 

 

 

 

DKP

9,250

330

0

-3

Extra

8,900

318

0

-2

Baştuğ

 

 

 

 

DKP

9,650

345

-150

-8

Extra

4,500

161

-150

-6

Sıddık

 

 

 

 

DKP

9,250

330

0

-3

Extra

8,900

318

0

-2

Mescier

 

 

 

 

DKP

9,000

321

0

-3

Extra

8,800

314

0

-3

Cansan

 

 

 

 

DKP

9,700

346

-200

-10

Extra

7,700

275

-100

-6

Kardemir

 

 

 

 

DKP

10,150

363

0

-3

Extra

9,915

354

0

-3

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 28.00

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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