Turkish mills’ domestic scrap purchase prices soften further

Thursday, 26 September 2019 12:09:16 (GMT+3) | Istanbul

Another decline in import scrap prices in Turkey, seen in the latest transactions, has as expected influenced Turkish mills’ local scrap purchase prices, which have lost TRY 20-85/mt in the national currency since last week depending on the scrap grade and the producer. However, in fact, on US dollar basis, the purchase prices have slid by $2-14/mt due to the current exchange rate. “The declines in mills’ scrap purchase prices over previous weeks were considered to be sufficient for the time being, but now new revisions are possible since some of the key steel producers have reduced their scrap purchase levels,” one source believes.

Producer/ product	Price (TRY/mt)	Price ($/mt)	Price changes (TRY/mt)	Price changes ($/mt)
Producer/ product	Price (TRY/mt)	Price ($/mt)	23.09.2019	23.09.2019
Çolakoğlu
P&S	1,430	251	-20	-2
HMS I	1,280	225	-20	-2
HMS I/II (70:30)	1,230	216	-20	-2
HMS I/II (50:50)	1,180	207	-20	-2
Turnings	980	172	-20	-3
Kroman
P&S	1,245	219	0	+1
HMS I	1,225	215	0	+1
HMS I/II (70:30)	1,185	208	0	+1
HMS I/II (50:50)	1,035	182	0	+1
HMS II	795	140	0	+1
Turnings	795	140	0	+1
İsdemir
P&S	1,365	240	-60	-9
HMS I	1,360	239	-30	-4
Bonus	1,225	215	-70	-11
HMS I/II (70:30)	1,135	199	-40	-6
Asil Çelik
P&S	1,390	244	-20	-2
HMS I	1,235	217	-20	-2
HMS I/II (70:30)	1,135	199	-20	-2
IDÇ
P&S	1,305	229	-35	-5
HMS I	1,285	226	-35	-5
Erdemir
P&S	1,450	255	-35	-5
HMS I	1,435	252	-45	-7
HMS I/II (70:30)	1,250	220	-85	-14
HMS I/II (50:50)	900	158	0	+1
HMS II	600	105	0	+1
Koç Metalürji
P&S	1,320	232	0	+1
Bonus	1,290	227	0	+1
HMS I	1,050	185	0	+1
Diler Dış Tic.
P&S	1,380	243	-20	-2
HMS I	1,250	220	0	+1
HMS I/II (70:30)	1,150	202	0	+1
HMS I/II (50:50)	1,050	185	0	+1
HMS II	700	123	0	+1
Baştuğ
HMS I	1,100	193	0	+1
HMS I/II (70:30)	970	170	0	+1
HMS I/II (50:50)	920	162	0	+1
Sıddık
P&S	1,300	228	0	+1
HMS I	1,250	220	0	+1
HMS I/II (70:30)	1,150	202	-20	-2
HMS I/II (50:50)	1,050	185	-20	-3
HMS II	730	128	-20	-3
Ege Çelik
P&S	1,400	246	0	+1
Bonus	1,325	233	0	+1
HMS I	1,275	224	0	+1
Mescier
P&S	1,290	227	0	+1
HMS I	1,270	223	0	+1
HMS I/II (70:30)	1,220	214	0	+1
HMS I/II (50:50)	1,160	204	0	+1
HMS II	750	132	0	+1
Cansan
P&S	1,280	225	0	+1
HMS I	1,080	190	0	+1
HMS I/II (70:30)	1,080	190	0	+1
Kardemir
P&S	1,595	280	0	+1
HMS I	1,405	247	0	+1
HMS I/II (70:30)	1,335	235	0	+1
HMS I/II (50:50)	1,225	215	0	+1

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

$1 = TRY 5.69

Turkish mills’ domestic scrap purchase prices soften further

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