Turkish steelmaker Kardemir raises domestic scrap prices

It is observed that Turkish integrated steel producer Kardemir has increased its domestic scrap purchase prices by TRY 100/mt or $12/mt as compared to the most recent levels announced a month ago on June 1. Other mills have kept their prices stable since SteelOrbis’ previous report published on Friday, June 25. Despite the rise mentioned, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained stable in the range of TRY 3,820-4,415/mt, while the dollar-based quotations moved sideways at $440-508/mt. Meanwhile, one market player stated that scrap flow in the local market has slowed down slightly over the past week.

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 8.69