The weekly Davis Index for DKP scrap (equivalent to auto bundles) in Turkey declined by TRY9/mt to TRY4,162/mt ($486/mt) delivered on Monday, following mixed market sentiment.
Turkish mills are following different pricing policies with some producers holding their ferrous scrap prices unchanged last week, some others decreasing them, and a mill also increasing its purchase prices.
Colakoglu Metalurji and Diler Demir Celik kept their purchase prices unchanged and continue buying DKP grade at TRY4,280/mt delivered and TRY3,970/mt delivered, respectively.
Kroman dropped its purchase prices for the grade by TRY100/mt to TRY3,900/mt delivered on Jul 17, while Erdemir and Isdemir reduced them by TRY75/mt and TRY150/mt to TRY4,340/mt and TRY4,205/mt delivered, respectively, on Jul 14.
Kardemir raised its purchase price for DKP grade by TRY100/mt to TRY4,530/mt delivered on Jul 13.
Purchase prices for shipbreaking scrap in the Izmir region remained unchanged at $480/mt delivered.