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


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