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 declined TRY4/mt to TRY4,025/mt ($479/mt) delivered on Friday after one mill dropped its purchase price.


Kroman settled new purchase price for DKP grade at TRY3,750/mt delivered, decreasing it by TRY50/mt over the week, while the other steelmakers kept their purchase prices at previous levels.


Colakoglu Metalurji and Diler Demir Celik continue buying DKP grade at TRY4,280/mt delivered and TRY3,600/mt delivered, respectively. Erdemir, Isdemir, and Kardemir are paying TRY4,280/mt delivered, TRY3,905/mt delivered, and TRY4,130/mt delivered, respectively, for the grade.


Demand for domestic scrap, as well as for imported material, remains muted in Turkey amid slow steel product sales.



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