The local Turkish scrap market has increased today, September 29. Several Turkish mills have raised their prices by a range of TRY 30-285/mt ($5-34/mt) following the few mills that had announced an increase in their prices since the beginning of this week. Some market players think that the upward revisions made for domestic scrap quotations are the result of the changes recorded in the Turkish lira-US dollar exchange rate. Other players state that there is a shortage of vessels in the short sea segment, and hence delivery periods have increased, leading mills to accelerate their domestic scrap purchases to compensate for delays. Other producers have kept their domestic scrap purchase prices stable on TRY basis, with a $1-2/mt increase in their dollar prices. Nevertheless, with the recent price adjustments, local scrap flow to producers is healthy, SteelOrbis understands.
As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has increased on the upper end by TRY 25/mt to TRY 3,520-4,265/mt, while on US dollar basis they have settled at $398-482/mt, versus $397-478/mt before.
Producer/ product |
Price (TRY/mt) |
Price ($/mt) |
Price changes (TRY/mt) |
Price changes ($/mt) |
28.09.2021 |
28.09.2021 |
|||
Çolakoğlu |
|
|
|
|
DKP |
4,240 |
480 |
80 |
11 |
Ekstra |
3,815 |
432 |
50 |
7 |
Kroman |
|
|
|
|
DKP |
3,930 |
445 |
150 |
18 |
Ekstra |
3,710 |
420 |
150 |
18 |
İsdemir |
|
|
|
|
DKP |
4,105 |
464 |
0 |
2 |
Ekstra |
4,100 |
464 |
0 |
2 |
Asil Çelik |
|
|
|
|
DKP |
4,265 |
482 |
80 |
11 |
Ekstra |
3,630 |
411 |
30 |
5 |
İDÇ |
|
|
|
|
DKP |
3,645 |
412 |
0 |
1 |
Ekstra |
3,625 |
410 |
0 |
1 |
Erdemir |
|
|
|
|
DKP |
4,240 |
480 |
0 |
2 |
Ekstra |
4,235 |
479 |
0 |
2 |
Diler Dış Tic. |
|
|
|
|
DKP |
3,800 |
430 |
260 |
31 |
Ekstra |
3,750 |
424 |
260 |
31 |
Baştuğ |
|
|
|
|
DKP |
3,550 |
402 |
0 |
1 |
Ekstra |
2,600 |
294 |
0 |
1 |
Sıddık |
|
|
|
|
DKP |
3,800 |
430 |
270 |
32 |
Ekstra |
3,765 |
426 |
285 |
34 |
Ege Çelik |
|
|
|
|
DKP |
4,100 |
464 |
30 |
5 |
Ekstra |
3,660 |
414 |
30 |
5 |
Mescier |
|
|
|
|
DKP |
3,520 |
398 |
0 |
1 |
Ekstra |
3,500 |
396 |
0 |
1 |
Cansan |
|
|
|
|
DKP |
3,900 |
441 |
0 |
1 |
Ekstra |
3,000 |
339 |
0 |
1 |
Kardemir |
|
|
|
|
DKP |
4,130 |
467 |
0 |
2 |
Ekstra |
3,845 |
435 |
0 |
1 |
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 8.84