Turkish mills raise domestic scrap prices amid various factors

Wednesday, 29 September 2021 16:47:59 (GMT+3)   |   Istanbul
       

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


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