The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) decreased by TRY63/mt ($9/mt) to TRY1,868/mt delivered on Friday, and dropped by TRY59/mt ($9/mt) to TRY1,768/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]).
 

Ferrous scrap prices in Turkey’s domestic market fell on diminished demand, lower prices for imported material in the most recent deals and softening of steel product prices.

 

Colakoglu Metalurji cut its purchase prices by TRY60/mt to TRY1,885/mt delivered for DKP grade and to TRY1,760/mt delivered for extra grade. The company revised prices twice during the week—on June 23 and June 25.

 

Diler Demir decreased its purchase prices thrice by a total of TRY80/mt to TRY1,800/mt delivered for DKP grade and to TRY1,720/mt delivered for extra grade.

 

Erdemir and Isdemir both reduced their purchase prices by TRY60/mt. On June 26 both mills announced prices at TRY1,920/mt delivered and TRY1,735/mt delivered, respectively, for DKP grade, and at TRY1,915/mt delivered and TRY1,730/mt delivered, respectively, for extra grade.

 

Kardemir’s price reduction was lesser than other mills. It decreased its purchase prices by TRY30/mt to TRY2,045/mt delivered for DKP grade and to TRY1,885/mt delivered for extra grade.

 

In Izmir, the purchase prices for shipbreaking scrap declined by $5/mt to $250/mt delivered this week.

 

($1 = TRY6.86)

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