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

The weekly Davis Index increased by TRY57/mt ($8/mt) to TRY2,190/mt delivered for Turkish DKP scrap (equivalent to bonus grade) on Monday, and by TRY52/mt ($7/mt) to TRY2,071/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]).


Turkish electric arc furnace (EAF) mills raised their purchase prices for domestic ferrous scrap, considering production requirements, while basic oxygen furnace (BOF) mills kept them at the previous week’s levels.


Colakoglu Metalurji and Diler Demir Celik raised their purchase prices by TRY70/mt on September 5 and are now buying DKP grade at TRY2,225/mt delivered and at TRY2,170/mt delivered, respectively, and extra grade at TRY2,080/mt delivered and at TRY2,070/mt delivered, respectively.


Erdemir is paying TRY2,200/mt delivered for DKP grade and TRY2,195/mt delivered for extra grade since August 29, while Isdemir’s purchase prices remain unchanged at TRY1,930/mt delivered for DKP grade and at TRY1,925/mt delivered for extra grade.


Kardemir has continued buying DKP grade at TRY2,215/mt delivered and extra grade at TRY2,055/mt delivered since August 18.


Purchase prices for shipbreaking scrap in Izmir rose by $9/mt to $285/mt delivered over the past week amid better demand for it.


($1 = TRY7.46)

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