Turkish domestic scrap prices mainly stable in local currency

Friday, 17 September 2021 15:54:21 (GMT+3)   |   Istanbul

A few Turkish mills have cut their domestic scrap purchase prices by TRY 50-200/mt or $19-33/mt, depending on grades in the past week. The other steelmakers have kept their quotations stable in the local currency, resulting in a $9-15/mt decrease in their dollar-based prices amid currency fluctuations. Market sources report that local scrap prices are mostly stable this week in line with ship scrap prices.

As a result, the general range in the local Turkish scrap market for the benchmark DKP grade scrap has remained unchanged in the local currency at TRY 3,520-4,240/mt. The general price range on US dollar basis stands at $410-494/mt, versus $423-509/mt the previous week.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

 07.09.2021

 07.09.2021

Çolakoğlu

 

 

 

 

DKP

4,160

484

0

-15

Ekstra

3,765

438

0

-14

Kroman

 

 

 

 

DKP

3,540

412

0

-13

Ekstra

3,330

388

0

-12

İsdemir

 

 

 

 

DKP

3,905

455

0

-14

Ekstra

3,900

454

0

-14

Asil Çelik

 

 

 

 

DKP

4,185

487

0

-15

Ekstra

3,690

430

0

-13

İDÇ

 

 

 

 

DKP

3,645

424

0

-13

Ekstra

3,625

422

0

-13

Erdemir

 

 

 

 

DKP

4,240

494

0

-15

Ekstra

4,235

493

0

-15

Diler Dış Tic.

 

 

 

 

DKP

3,540

412

0

-13

Ekstra

3,490

406

0

-13

Baştuğ

 

 

 

 

Ekstra

2,600

303

-200

-33

Sıddık

 

 

 

 

DKP

3,530

411

0

-13

Ekstra

3,480

405

0

-13

Ege Çelik

 

 

 

 

DKP

3,970

462

0

-14

Ekstra

3,530

411

0

-13

Mescier

 

 

 

 

DKP

3,520

410

0

-13

Ekstra

3,500

407

0

-13

Cansan

 

 

 

 

DKP

3,700

431

-50

-19

Bonus

3,600

419

-50

-19

Kardemir

 

 

 

 

DKP

4,130

481

0

-15

Ekstra

3,845

448

0

-14

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 8.59

MelekDurmaz Aktaş
Melek Durmaz Aktaş
Editor
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I graduated from Marmara University with a bachelor’s degree in Economics in 2006 and have a master’s degree in Msc Management at Southampton University in the UK right after my graduation. I have been in the steel industry since 2008. I cover the longs products in Turkey both internally and externally at SteelOrbis headquarter.

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