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 leaped by TRY475/mt to TRY3,853/mt ($465/mt) delivered on Monday after mills lifted their purchase prices again.


Turkish domestic scrap prices jumped over the course of last week amid heightened Turkish import scrap deals that boosted the global scrap market and supported domestic scrap prices. 


Turkish mills have increased their purchase prices twice over the past week. The first jump, reported early in the week, was hefty with the second increase instituted by May 6.


Turkish mills are experiencing strong rebar sales in a tight scrap market. The positive Chinese outlook and overall economic recoveries in 2021 and some supply-side interruptions on various commodities as well as international flows are supporting higher prices. 


Colakoglu Metalurji and Diler Demir Celik both lifted their purchase prices by TRY500/mt for DKP scrap to TRY4,025/mt delivered and TRY3,770/mt delivered, respectively. 


Kroman’s purchase price for the grade rose by $580/mt to TRY3,810/mt delivered over the past week while Kardemir made a smaller increase of TRY400 to TRY4,130/mt delivered. Erdemir increased its DKP scrap price by TRY500 to TRY4,085 delivered and Isdemir raised them by TRY600 to TRY4,030/mt delivered. 


Shipbreaking scrap in the Izmir region surged by $35/mt to $455/mt delivered on Monday. Over the past two weeks, shipbreaking prices have surged by $63/mt. 


The Turkish lira was unchanged compared to May 3. 


($1 = TRY8.28)

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