Turkish mills’ domestic scrap purchase prices down sharply

Friday, 06 September 2019 17:31:08 (GMT+3)   |   Istanbul
       

Turkish steelmakers have mostly issued their new local purchase prices for steel scrap with some sharp downwards revisions. The key reason is the low pricing in the import scrap segment, where negative expectations prevail for now. However, some producers indicate that the decrease in domestic scrap purchase prices in not sizeable enough based on production costs and finished steel sales price levels. “Import scrap prices have gone below $250/mt CFR [for HMS I/II 80:20], while there are mills that are temporarily stopping steel production. Therefore, local prices have to be lower too,” one of the sources said.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

29.08.2019

29.08.2019

Colakoglu

 

 

 

 

P&S

1,650

289

-105

-20

HMS I

1,500

263

-55

-11

HMS I/II (70:30)

1,450

254

-75

-14

HMS I/II (50:50)

1,400

246

-50

-10

Turnings

1,200

211

-50

-10

Kroman

 

 

 

 

P&S

1,435

252

-20

-4

HMS I

1,400

246

-20

-4

HMS I/II (70:30)

1,385

243

-20

-4

HMS I/II (50:50)

1,235

217

-20

-4

HMS II

1,000

175

-20

-4

Turnings

1,000

175

-20

-4

İsdemir

 

 

 

 

P&S

1,520

267

0

-15

HMS I

1,485

261

0

-15

Bonus

1,390

244

0

-15

HMS I/II (70:30)

1,270

223

0

-15

Asil Celik

 

 

 

 

P&S

1,620

284

-35

-18

HMS I

1,470

258

-35

-12

HMS I/II (70:30)

1,370

240

-35

-11

IDÇ

 

 

 

 

P&S

1,445

254

-65

-11

HMS I

1,425

250

-65

-11

Erdemir

 

 

 

 

P&S

1,760

309

0

-1

HMS I

1,755

308

0

-1

HMS I/II (70:30)

1580

277

0

-1

HMS I/II (50:50)

900

158

0

-1

HMS II

600

105

0

0

Koç Metalürji

 

 

 

 

P&S

1390

244

0

-1

Bonus

1360

239

0

-1

HMS I

1120

196

0

-1

Diler Dış Tic.

 

 

 

 

P&S

1,600

281

-50

-10

HMS I

1,450

254

-50

-10

HMS I/II (70:30)

1,350

237

-50

-10

HMS I/II (50:50)

1,250

219

-50

-10

HMS II

900

158

-50

-9

Baştuğ

 

 

 

 

HMS I

1,150

202

-170

-31

HMS I/II (70:30)

1,020

179

-200

-36

HMS I/II (50:50)

970

170

-180

-32

Sıddık

 

 

 

 

P&S

1,450

254

-100

-19

HMS I

1,400

246

-50

-10

HMS I/II (70:30)

1,350

237

-30

-6

HMS I/II (50:50)

1,250

219

-30

-6

Ege Celik

 

 

 

 

P&S

1,655

290

0

-1

Bonus

1,560

274

0

-1

HMS I

1,510

265

0

-1

Kardemir

       

P&S

1,820

319

-60

-12

HMS I

1,630

286

-60

-12

HMS I/II (70:30)

1,560

274

-60

-12

HMS I/II (50:50)

1,450

254

-60

-11

 

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

$1 = TRY 5.70


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