Turkish mills raised their buying prices for domestic shipbreaking scrap and DKP grade (auto bundle) scrap further in recent days, with levels reaching as high as $221/metric ton, reflecting both the strengthening trend in imported scrap prices and sharp exchange rate fluctuations.
Turkish mills' dollar-denominated buying prices for shipbreaking scrap rose by $4-5/mt on October 17. Mills’ buying prices for melting scrap from shipbreaking in western Turkey (Habas, IDC, Ozkan,Ege Celik) moved up to the range of $220-221/metric ton, S&P Global Platts learnt from industry sources.
Turkey’s largest integrated steelworks, the Erdemir Group’s Iskenderun plant (Isdemir) in southern Turkey, also increased its buying price for lira-denominated DKP scrap by TRY 30 ($10)/mt to TRY 665 ($215)/mt as of October 15, while the group's Eregli plant in northern Turkey raised its buying price by the same amount to TRY 680 ($220)/mt.
Turkey’s largest integrated long steelmaker, Kardemir, also increased its DKP grade scrap buying price to 650 ($210)/mt, as of October 17, Platts learnt.
Analysis continues below...
One of Turkey's largest electric arc furnace-based steelmakers, Colakoglu, and alloy steel producer Asil Celik also increased their DKP buying prices to TRY 620 ($201)/mt and TRY 640 ($207)/mt respectively.
Thus, Turkey’s steelmakers’ domestic scrap buying prices strengthened to the range of TRY 620-680 ($201-220)/mt, depending upon region and mills’ requirements.
Platts analyzes other steel and scrap products in this feature:
Scrap | HRC | Rebar | Semi-finished | News
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