Turkish mills adopt diverse strategies for local scrap purchase prices

Tuesday, 21 September 2021 15:23:26 (GMT+3)   |   Istanbul
       

Today, September 21, Turkish mills have adopted diverse strategies for their domestic scrap purchase prices. While Kroman increased its procurement quotations by TRY 230-240/mt ($23-24/mt), two mills decided to cut their domestic scrap purchase prices by TRY 90-100/mt or $14-15/mt, depending on grades. Other steelmakers have kept their quotations stable, resulting in a $2-4/mt decrease in their dollar-based prices amid the depreciation of the Turkish lira against major currencies. Meanwhile, Koc Metallurgy still does not accept local scrap and is planning to stay out of the market for some time.

Despite the changes announced today, the general range in the local Turkish scrap market for the benchmark DKP grade scrap is still stable in the local currency at TRY 3,520-4,240/mt. Amid the fluctuating exchange rate, the general price range on US dollar basis has settled at $409-490/mt, versus $410-494/mt reported by SteelOrbis on Friday, September 17.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

17.09.2021 

17.09.2021

Çolakoğlu

 

 

 

 

DKP

4,160

480

0

-4

Ekstra

3,765

435

0

-3

Kroman

 

 

 

 

DKP

3,780

436

240

24

Ekstra

3,560

411

230

23

İsdemir

 

 

 

 

DKP

3,905

451

0

-4

Ekstra

3,900

450

0

-4

Asil Çelik

 

 

 

 

DKP

4,185

483

0

-4

Ekstra

3,600

416

-90

-14

İDÇ

 

 

 

 

DKP

3,645

421

0

-3

Ekstra

3,625

419

0

-3

Erdemir

 

 

 

 

DKP

4,240

490

0

-4

Ekstra

4,235

489

0

-4

Diler Dış Tic,

 

 

 

 

DKP

3,540

409

0

-3

Ekstra

3,490

403

0

-3

Baştuğ

 

 

 

 

DKP

3,550

410

-100

-15

Ekstra

2,600

300

0

-3

Sıddık

 

 

 

 

DKP

3,530

408

0

-3

Ekstra

3,480

402

0

-3

Ege Çelik

 

 

 

 

DKP

3,970

458

0

-4

Ekstra

3,530

408

0

-3

Mescier

 

 

 

 

DKP

3,520

406

0

-4

Ekstra

3,500

404

0

-3

Cansan

 

 

 

 

DKP

3,700

427

0

-4

Ekstra

2,700

312

0

-2

Kardemir

 

 

 

 

DKP

4,130

477

0

-4

Ekstra

3,845

444

0

-4

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 8.66


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