The weekly Davis Index for DKP scrap (equivalent to auto bundles) in Turkey fell by TRY34/mt ($4/mt) to TRY3,378/mt ($407/mt) delivered. The dip followed a rise in imported scrap prices.
Fundamentals for the Turkish domestic and export steel markets remain strong though prices adjusted down this week due to seasonality. With increased capacities coming online, finished steel prices may decline slightly. Moreover, Turkey continues facing a protectionist regime. For example, the country recently received a definitive anti-dumping (AD) duty on hot-rolled flats products in the EU. Provisional anti-dumping duties had been imposed in January 2021.
The weekly Davis Index for DKP scrap (equivalent to auto bundles) in Turkey fell by TRY34/mt ($4/mt) to TRY3,378/mt ($407/mt) delivered.
Colakoglu Metalurji and Diler Demir Celik reduced new purchase prices for DKP grade by TRY40/mt to TRY3,525/mt delivered and TRY3,270/mt delivered, respectively. Erdemir and Isdemir decreased their DKP grade by TRY30/mt to TRY3,585/mt delivered and TRY 3,430/mt delivered, respectively.
Kardemir, which had last changed its DKP scrap purchase price on Apr 3, continued flat at TRY3,730/mt delivered. After last week’s drop to TRY3,230/mt, Kroman retained its prices unchanged into Monday.
Ferrous scrap HMS 1&2 (50:50) delivered Turkey consumer declined by TRY30/mt to TRY3,255/mt and P&S 5ft declined by TRY39/mt to TRY3,299/mt delivered.
Purchase prices for shipbreaking scrap in the Izmir region were flat at $392/mt delivered for the fourth successive week.