The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) increased by TRY40/mt ($6/mt) to TRY1,968/mt delivered on Monday and rose by TRY39/mt ($6/mt) to TRY1,855/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]).

 

Prices for local ferrous scrap in the Turkish market have increased on strong demand for scrap and are following the trend set by rising imported scrap and steel product prices.

 

Colakoglu Metalurji and Diler Demir Celik raised their purchase prices by TRY30-35/mt on July 23 and are now buying DKP grade at TRY1,975/mt delivered and at TRY1,920/mt delivered, and extra grade at TRY1,830/mt delivered and at TRY1,820/mt delivered, respectively.

 

Erdemir increased its purchase prices by TRY45/mt to TRY2,025/mt delivered for DKP grade and to TRY2,020/mt delivered for extra grade on July 24, while Isdemir lifted them by TRY50/mt to TRY1,885/mt delivered for DKP grade and to TRY1,880/mt delivered for extra grade on July 22.

 

Kardemir announced new purchase prices at TRY2,095/mt delivered for DKP grade and at TRY1,935/mt delivered for extra grade on July 24, increasing them by TRY80/mt.

 

In Izmir, purchase prices for shipbreaking scrap rose by $12/mt to $270/mt delivered over the week amid higher buying activity.

 

($1 = TRY6.85)

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