Turkish mills’ local scrap procurement prices mostly decline

Friday, 20 January 2023 16:04:36 (GMT+3)   |   Istanbul

Turkish mills have continued to follow diverse strategies regarding their domestic scrap procurement prices, though most of them have reduced their prices in the current week. The decline was by TRY 70-200/mt or $4-11/mt, while only one mill increased its price by TRY 100/mt or $5/mt. The stable TRY-based quotations have resulted in a sideways movement for dollar-based prices as the TRY-US dollar exchange rate has remained relatively stable.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap has changed from the range of TRY 6,700- 8,500/mt ($357-452/mt) to TRY 6,700- 8,300/mt ($356-441/mt).

Producer/ product 

Price (TRY/mt) 

Price ($/mt) 

Price changes (TRY/mt) 

Price changes ($/mt) 

 16.01.2023 

16.01.2023  

Çolakoğlu 

  

  

  

  

DKP 

7,730 

411 

-100 

-6 

Extra 

7,205 

383 

-100 

-6 

Kroman 

  

  

  

  

DKP 

7,630 

406 

-70 

-4 

Extra 

7,205 

383 

-75 

-4 

İsdemir 

  

  

  

  

DKP 

7,580 

403 

-100 

-6 

Extra 

7,575 

403 

-100 

-6 

Asil Çelik 

  

  

  

  

DKP 

7,780 

414 

-100 

-6 

Extra 

7,200 

383 

-100 

-6 

İDÇ 

  

  

  

  

DKP 

7,350 

391 

0 

0 

Extra 

7,330 

390 

0 

0 

Erdemir 

  

  

  

  

DKP 

7,980 

424 

-100 

-6 

Extra 

7,975 

424 

-100 

-6 

Diler Dış Tic. 

  

  

  

  

DKP 

7,550 

402 

-100 

-6 

Extra 

7,200 

383 

-100 

-6 

Baştuğ 

  

  

  

  

DKP 

7,600 

404 

100 

5 

Extra 

5,200 

277 

0 

0 

Sıddık 

  

  

  

  

DKP 

7,200 

383 

-100 

-6 

Extra 

6,900 

367 

-100 

-6 

Ege Çelik 

  

  

  

  

DKP 

7,820 

416 

0 

0 

Extra 

7,420 

395 

0 

0 

Mescier 

  

  

  

  

DKP 

6,700 

356 

0 

0 

Extra 

6,500 

346 

0 

0 

Cansan 

  

  

  

  

DKP 

7,350 

391 

0 

0 

Extra 

6,200 

330 

0 

0 

Kardemir 

  

  

  

  

DKP 

8,300 

441 

-200 

-11 

Extra 

8,065 

429 

-200 

-11 

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 18.80

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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