Turkish mills reduce their local scrap prices further

Tuesday, 02 February 2021 18:10:29 (GMT+3)   |   Istanbul

Turkish mills have announced further decreases in their domestic scrap purchase prices today, February 2, by TRY 50-270/mt, resulting in a $6-37/mt decrease on dollar basis. The dollar-based quotations of the other mills which decided to keep their lira-based prices stable have increased by $1/mt or remained stable.

Since yesterday, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has moved down from TRY 2,800-3,325/mt to TRY 2,770-3,275/mt, while the dollar-based quotations have moved up from the range of $390-463/mt to $386-457/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

01.02.2021

01.02.2021 

Çolakoğlu

 

 

 

 

DKP

3,125

436

-75

-10

Ekstra

2,890

403

-75

-10

Kroman

 

 

 

 

DKP

3,000

418

-75

-10

Ekstra

2,740

382

-75

-10

İsdemir

 

 

 

 

DKP

2,965

414

-75

-10

Ekstra

2,960

413

-75

-10

Asil Çelik

 

 

 

 

DKP

3,125

436

-75

-10

Ekstra

2,740

382

-75

-10

IDÇ

 

 

 

 

DKP

2,800

391

-60

-8

Ekstra

2,780

388

-60

-8

Erdemir

 

 

 

 

DKP

3,175

443

-75

-10

Ekstra

3,170

442

-75

-10

Koç Metalürji

 

 

 

 

DKP

2,800

391

0

1

Ekstra

2,500

349

0

0

Diler Dış Tic,

 

 

 

 

DKP

2,965

414

-75

-10

Ekstra

2,845

397

-75

-10

Baştuğ

 

 

 

 

Ekstra

2,550

356

-50

-6

Sıddık

 

 

 

 

DKP

2,770

386

-130

-18

Ekstra

2,710

378

-130

-18

Ege Çelik

 

 

 

 

DKP

2,840

396

-270

-37

Ekstra

2,710

378

-270

-37

Mescier

 

 

 

 

DKP

2,770

386

-100

-13

Ekstra

2,750

384

-100

-13

Cansan

 

 

 

 

Ekstra

2,350

328

-150

-20

Kardemir

 

 

 

 

DKP

3,275

457

-50

-6

Ekstra

3,090

431

-50

-6

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 7.17

 

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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