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 rose by TRY102/mt ($13/mt) to TRY2,467/mt ($313/mt) delivered on Monday, following the uptrend in the imported ferrous scrap market.


Colakoglu Metalurji lifted its purchase price for DKP grade by TRY90/mt to TRY2,545/mt delivered on Nov 23, while Diler Demir Celik and Kroman raised it by TRY140/mt and by TRY150/mt to TRY2,470/mt delivered and TRY2,400/mt delivered, respectively.


Mescier and Erdemir also announced a TRY90/mt price rise for the same grade and will pay TRY2,330/mt delivered and TRY2,595/mt delivered, respectively, starting Nov 24.


Isdemir and Kardemir kept their purchase prices for DKP grade unchanged at TRY2,405/mt delivered and TRY2,570/mt delivered, respectively. Both the mills have held their pricing at these levels since the second week of November.


Purchase prices for shipbreaking scrap in Izmir jumped by $20/mt to $315/mt delivered over the week amid strong demand for it.


($1 = TRY7.88)

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