Two Turkish integrated mills increase domestic scrap purchase prices

Friday, 24 July 2020 14:15:13 (GMT+3)   |   Istanbul

Today, July 23, two Turkish mills have increased their domestic scrap purchase prices by TRY 30-50/mt, resulting in a $4-7/mt rise in their dollar-based quotations. Meanwhile, other producers have kept their Turkish lira and dollar quotations stable. As a result, the benchmark DKP prices in Turkey have moved up on the upper end to the range of TRY 1,705-2,095/mt or $249-306/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

23.07.2020 

 23.07.2020

Erdemir

 

 

 

 

DKP

2,025

296

+30

+4

Ekstra

2,020

295

+30

+4

Kardemir

 

 

 

 

DKP

2,095

306

+50

+7

Ekstra

1,935

282

+50

+7

All above prices are for deliveries to customer and exclude VAT. 

$1 = TRY 6.85

AyçaÖzbay
Ayça Özbay
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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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