Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Indexes for DKP scrap (equivalent to bonus grade) and for extra grade scrap (equivalent to HMS 1&2 [85:15]) in Turkey both decreased by TRY12/mt ($2/mt) to TRY1,856/mt delivered and to TRY1,756/mt delivered, respectively, on Monday.


Some Turkish mills decreased their purchase prices for local ferrous scrap amid lower demand between late June and early July, but others decided to keep them unchanged.


Colakoglu Metalurji cut its purchase prices by TRY15/mt to TRY1,870/mt delivered for DKP grade and to TRY1,745/mt delivered for extra grade, while Diler Demir kept buying DKP grade for TRY1,800/mt delivered and extra grade at TRY1,720/mt delivered.


Erdemir announced new purchase prices at TRY1,890/mt delivered for DKP grade, and at TRY1,885/mt delivered for extra grade, which is TRY30/mt lower than before, while Isdemir continued buying DKP grade for TRY1,735/mt delivered and extra grade for TRY1,730/mt delivered.


Kardemir dropped its purchase prices by TRY30/mt to TRY2,015/mt delivered for DKP grade and to TRY1,855/mt delivered for extra grade.


In the Izmir region, purchase prices for shipbreaking scrap declined by $8/mt to $242/mt delivered over a week.


($1 = TRY6.87)

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