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

The weekly Davis Index for DKP scrap (equivalent to auto bundles) in Turkey decreased by TRY37/mt to TRY4,124/mt ($477/mt) delivered on Monday amid lower prices for imported material and steel products.


Turkish mills dropped their purchase prices for DKP grade scrap adding to a persistent downtrend in the domestic market with Diler Demir Celik, Kardemir, and Isdemir reducing them by TRY100/mt to TRY3,870/mt delivered, TRY4,430/mt delivered, and TRY4,005/mt delivered, respectively, on Aug 3-4. Kroman dropped DKP grade prices by TRY50/mt to TRY3,900/mt delivered.


Still, a few mills kept their purchase prices unchanged with Colakoglu Metalurji and Erdemir both continuing to buy DKP grade at TRY4,280/mt delivered.



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