Turkish mills raise domestic scrap prices

Friday, 25 August 2023 15:52:49 (GMT+3)   |   Istanbul

Over the past two weeks, Turkish mills have mostly increased their local scrap procurement prices. The upward revision totaled TRY 100-1,000/mt or $7-45/mt. Following the Turkish Central Bank’s decision for interest rates, Turkish lira gained significant strength against the US dollar and this impacted the changes recorded in dollar-basis.

The general range in the local Turkish scrap market for the benchmark DKP grade scrap is currently in the range of TRY 9,000-10,350/mt ($340-391/mt), from TRY 8,800-9,755/mt ($325-361/mt).

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

11.08.2023 

11.08.2023 

Çolakoğlu

 

 

 

 

DKP

10,155

384

550

29

Extra

9,630

364

550

28

Kroman

 

 

 

 

DKP

9,250

349

150

13

Extra

8,700

329

150

13

İsdemir

 

 

 

 

DKP

10,000

378

1,000

45

Extra

9,950

376

1,000

45

Asil Çelik

 

 

 

 

DKP

10,255

387

500

27

Extra

9,555

361

450

24

Erdemir

 

 

 

 

DKP

10,300

389

550

29

Extra

10,295

389

550

29

Diler Dış Tic.

 

 

 

 

DKP

9,450

357

650

32

Extra

9,100

344

650

31

Baştuğ

 

 

 

 

DKP

9,600

363

500

26

Extra

4,550

172

100

7

Sıddık

 

 

 

 

DKP

9,450

357

650

32

Extra

9,100

344

650

31

Mescier

 

 

 

 

DKP

9,000

340

0

7

Extra

8,800

332

0

7

Cansan

 

 

 

 

DKP

9,700

366

800

37

Extra

7,700

291

600

28

Kardemir

 

 

 

 

DKP

10,350

391

600

31

Extra

10,115

382

600

30

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 26.47

AyçaÖzbay
Ayça Özbay
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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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