Turkish mills adjust local scrap procurement prices in line with their needs

Friday, 10 March 2023 17:51:27 (GMT+3)   |   Istanbul

Over the past week, Turkish producers have maintained diverse price policies for domestic scrap procurement depending on their needs. One mill reduced its price by TRY100/mt or $7/mt week on week. Some Turkish producers have increased their domestic scrap procurement prices by TRY 100-400/mt or $4-20/mt, while some have kept them unchanged. The unchanged Turkish lira-based prices resulted in an almost $1/mt decline in dollar-based quotations due to the fluctuation in the exchange rate.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap is currently at TRY 7,650-8,600/mt ($403-454/mt), up from TRY 7,550-8,700/mt ($399-460/mt) recorded last week.  

Producer/ product 

Price (TRY/mt) 

Price ($/mt) 

Price changes (TRY/mt) 

Price changes ($/mt) 

03.03.2023  

03.03.2023  

Çolakoğlu 

  

  

  

  

DKP 

8,130 

429 

0 

-1 

Extra 

7,605 

401 

0 

-1 

Kroman 

  

  

  

  

DKP 

8,040 

424 

0 

-1 

Extra 

7,605 

401 

0 

-1 

İsdemir 

  

  

  

  

DKP 

8,000 

422 

0 

-1 

Extra 

7,995 

422 

0 

-1 

Asil Çelik 

  

  

  

  

DKP 

8,400 

443 

-100 

-7 

Extra 

7,870 

415 

-100 

-7 

İDÇ 

  

  

  

  

DKP 

8,000 

422 

0 

-1 

Extra 

7,980 

421 

0 

-1 

Erdemir 

  

  

  

  

DKP 

8,600 

454 

-100 

-7 

Extra 

8,595 

453 

-100 

-7 

Diler Dış Tic. 

  

  

  

  

DKP 

7,950 

419 

0 

-1 

Extra 

7,600 

401 

0 

-1 

Baştuğ 

  

  

  

  

DKP 

7,950 

419 

400 

20 

Extra 

5,150 

272 

0 

-1 

Sıddık 

  

  

  

  

DKP 

7,950 

419 

0 

-1 

Extra 

7,600 

401 

0 

-1 

Ege Çelik 

  

  

  

  

DKP 

8,350 

440 

0 

-1 

Extra 

8,130 

429 

0 

-1 

Mescier 

  

  

  

  

DKP 

7,650 

403 

0 

-1 

Extra 

7,450 

393 

0 

-1 

Cansan 

  

  

  

  

DKP 

7,800 

411 

100 

4 

Extra 

6,700 

353 

150 

7 

Kardemir 

  

  

  

  

DKP 

8,550 

451 

0 

-1 

Extra 

8,315 

439 

0 

-1 

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 18.90

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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