Turkish mill IDC restarts domestic scrap purchases

Monday, 30 March 2020 17:24:45 (GMT+3)   |   Istanbul

Turkish steel mill Izmir Demir Celik (IDC) has restarted domestic scrap purchases as of today, March 30. The producer had decided to halt its purchases on March 20.

Accordingly, The mill’s new scrap purchase prices are TRY 140/mt lower than its quotations on March 20, which is reflected as a $26/mt fall on US dollar basis.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

20.03.2020

20.03.2020

IDÇ

 

 

 

 

DKP

1,400

213

-140

-26

Ekstra

1,380

210

-140

-26

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

$1 = TRY 6.57

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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