Upward revision in Turkish mills domestic scrap purchase quotations

Tuesday, 03 November 2020 15:50:57 (GMT+3)   |   Istanbul

Most Turkish mills have raised their domestic scrap purchase quotations by TRY 70-225/mt as compared to SteelOrbis’ report published on October 28. The upward revision is the result of the sharp depreciation of the Turkish lira against the US dollar and the dollar equivalents of the prices have increased by 1-20$/mt. The mills that decided to keep their domestic scrap purchase quotations stable has caused dollar-based prices to fall $6/mt.

As a result, the benchmark DKP grade scrap prices in Turkey are in the range of TRY 2,150-2,455/mt or $253-289/mt.

Producer/ product

Price (TRY/mt)

Price ($/mt)

Price changes (TRY/mt)

Price changes ($/mt)

28.10.2020 

28.10.2020 

Çolakoğlu

 

 

 

 

DKP

2.455

289

+75

+2

Ekstra

2.280

268

+75

+2

Kroman

 

 

 

 

DKP

2.300

271

+110

+6

Ekstra

2.230

262

+80

+3

İsdemir

 

 

 

 

DKP

2.345

276

+225

+20

Ekstra

2.340

275

+225

+20

Asil Çelik

 

 

 

 

DKP

2.455

289

+75

+2

Ekstra

2.205

259

+75

+2

IDÇ

 

 

 

 

DKP

2.150

253

0

-6

Ekstra

2.130

251

0

-6

Erdemir

 

 

 

 

DKP

2.430

286

+70

+1

Ekstra

2.425

285

+70

+1

Koç Metalürji

 

 

 

 

DKP

2.150

253

+100

+6

Ekstra

1.900

224

+100

+6

Diler Dış Tic.

 

 

 

 

DKP

2.380

280

+75

+2

Ekstra

2.280

268

+75

+2

Baştuğ

 

 

 

 

Ekstra

1.960

231

+150

+12

Sıddık

 

 

 

 

DKP

2.360

278

+70

+1

Ekstra

2.280

268

+80

+3

Ege Çelik

 

 

 

 

DKP

2.180

256

0

-6

Ekstra

2.080

245

0

-6

Mescier

 

 

 

 

DKP

2.165

255

0

-6

Ekstra

2.145

252

0

-6

Cansan

 

 

 

 

Ekstra

1.950

229

+150

+12

Kardemir

 

 

 

 

DKP

2.455

289

+110

+6

Ekstra

2.295

270

+110

+6

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

$1 = TRY 8.50

AyçaÖzbay
Ayça Özbay
Editor
All Articles by the Author

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.

Marketplace Offers

Scrap

  Tin foil
Tedarikçi GERDAU CORSA
View Offer

Scrap

  Burr
Tedarikçi GERDAU CORSA
View Offer

Scrap

  Industrial return
Tedarikçi GERDAU CORSA
View Offer

Similar articles

Ex-Baltic scrap prices in Turkey soften amid lack of buyer interest

Some Turkish mills increase local scrap prices to offset weaker lira

Ex-US scrap deal in Turkey concluded at close to $410/mt CFR

Prices in local Turkish scrap market remains stable on lira basis

Turkey's import scrap prices rise further as market sentiment remains firm

Turkey's first ex-US scrap booking after a long absence confirms firm prices

Local Turkish scrap prices unchanged on lira basis

Negative sentiments persist in Turkey's import scrap market

Negative import scrap sentiment halts domestic price uptrend in Turkey

Turkey's import scrap market drops as anticipated, further decline possible