Turkish mill Kardemir raises its domestic scrap purchase price

Tuesday, 13 July 2021 15:53:46 (GMT+3)   |   Istanbul

Turkish mills Kardemir has announced an increase in its domestic scrap purchase prices today, July 12, raising them by $22/mt.  As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has increased on the upper end from the range of TRY 3,820-4,415 to TRY 3,820-4,530/mt, while the dollar-based quotations have moved from $441-509/mt to $445-527/mt. The increase observed in the dollar equivalents is the result of the Turkish lira gaining strength against the US dollar from 8.67 to 8.59.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

09.07.2021

09.07.2021

Kardemir

 

 

 

 

DKP

4,530

527

150

22

Ekstra

4,245

494

150

22

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 8.59

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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