The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) increased by TRY105/mt ($15.50/mt) to TRY1,620/mt delivered on Monday, while the index for extra grade scrap (equivalent to HMS 1&2 [85:15]) rose by TRY85/mt ($13/mt) to TRY1,519/mt delivered.
Several Turkish mills raised purchase prices for domestic scrap, considering the uptrend in imported material. However, some producers decided to keep their purchase prices unchanged.
Colakoglu Metalurji increased its purchase prices by TRY125/mt to TRY1,640/mt delivered for DKP grade and to TRY1,515/mt delivered for extra grade. The company revised prices twice last week—on April 8 and April 11.
Diler Demir followed suit and raised its buying prices by TRY140/mt to TRY1,620/mt delivered for DKP grade and to TRY1,510/mt delivered for extra grade.
Kardemir announced new purchase prices on April 10 raising them by TRY70/mt to TRY1,755/mt delivered for DKP grade and to TRY1,595/mt delivered for extra grade.
Erdemir, however, continued paying TRY1,550/mt delivered for DKP grade and TRY1,545/mt delivered for extra grade. Isdemir also kept its purchase prices unchanged at TRY1,450/mt delivered for DKP grade and TRY1,445/mt delivered for extra grade.
Purchase prices for shipbreaking scrap in Izmir, Turkey rose by $35/mt to $250/mt delivered.
($1 = TRY6.77)