The weekly Davis Index for DKP scrap (equivalent to auto bundles) in Turkey declined by TRY56/mt to TRY4,068/mt ($480/mt) delivered on Monday after some mills reduced their purchase prices, due to a downtrend in the imported scrap market.
Kroman and Kardemir announced new purchase prices for DKP grade at TRY3,850/mt delivered and TRY4,330/mt delivered, respectively, on Aug 14, decreasing them by TRY50-100/mt, while Diler Demir Celik cut its purchase price for the grade by TRY170/mt to TRY3,700/mt delivered on Aug 11.
Colakoglu Metalurji, Erdemir. and Isdemir continue to pay TRY4,280/mt delivered, TRY4,280/mt delivered, and TRY4,005/mt delivered, respectively.
Demand for domestic scrap varies, depending on steel product sales of each Turkish mill.