The weekly Davis Index increased by TRY53/mt ($8/mt) to TRY1,875/mt delivered for Turkish DKP scrap (equivalent to bonus grade) and by TRY47/mt ($7/mt) to TRY1,765/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]) on Friday.
Turkish mills raised purchase prices for local ferrous scrap amid better demand for it and higher prices for imported material. Deal prices for imported scrap have increased by around $7/mt over the past week.
Turkish electric arc furnace (EAF) mills announced new purchase prices on June 5. Colakoglu Metalurji increased them by TRY30/mt to TRY1,880/mt delivered for DKP grade and to TRY1,755/mt delivered for extra grade. Diler Demir Celik is paying TRY1,840/mt delivered for DKP grade and TRY1,730/mt delivered for extra grade, up by TRY80/mt from June 1.
Integrated steel mills revised purchase prices on June 2. Erdemir raised them by TRY20/mt to TRY1,890/mt delivered for DKP grade and to TRY1,885/mt delivered for extra grade, while Isdemir increased its purchase prices by TRY50/mt to TRY1,750/mt delivered for DKP grade and to TRY1,745/mt delivered for extra grade.
Kardemir is paying TRY1,975/mt delivered for DKP grade and TRY1,815/mt delivered for extra grade, more by TRY50/mt than last week.
In Izmir, purchase prices for shipbreaking scrap has increased by $10/mt to $250/mt delivered since June 1.
($1 = TRY6.77)