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

The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) climbed by TRY17/mt ($2.50/mt) to TRY1,827/mt delivered on Monday and inched up by TRY11/mt ($2/mt) to TRY1,726/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]).


Turkish mills are following different pricing policies with some producers choosing to keep purchase prices for ferrous scrap unchanged last week and some increasing or decreasing them.


Colakoglu Metalurji and Diler Demir Celik did not revise their purchase prices, buying DKP grade at TRY1,850/mt delivered and at TRY1,740/mt delivered respectively, and extra grade at TRY1,725/mt delivered and TRY1,630/mt delivered, respectively.


Erdemir increased its purchase prices by TRY50/mt to TRY1,870/mt delivered for DKP grade and to TRY1,865/mt delivered for extra grade, while Isdemir raised them by TRY25/mt to TRY1,745/mt delivered for DKP grade and to TRY1,740/mt delivered for extra grade.


Kardemir cut its purchase prices by TRY50/mt to TRY1,925/mt delivered for DKP grade and to TRY1,765/mt delivered for extra grade.


In Izmir, purchase prices for shipbreaking scrap were flat at $235/mt delivered.


($1 = TRY6.88)

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