The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) dropped by Try25/mt ($4/mt) on Monday to Try1,770/mt delivered. The Index for extra grade scrap (equivalent to HMS 1&2 (85:15)) also fell by Try25/mt to Try1,663/mt delivered. Electric arc furnace mills decreased their purchase prices and basic oxygen furnace mills kept them flat.
Colakoglu Metalurji lowered its purchase prices by Try20/mt to Try1,800/mt delivered for DKP grade and to Try1,670/mt delivered for extra grade on Jan 28.
Diler Demir decreased its purchase prices by Try40/mt to Try1,730/mt delivered for DKP grade and to Try1,620/mt delivered for extra grade. The producer revised prices twice last week—on Jan 28 and on Feb 1.
Integrated steel mills have kept purchase prices for domestic scrap unchanged since Jan 27. Isdemir is paying the lowest price of the three mills at Try1,650/mt delivered for DKP grade and Try1,645/mt delivered extra grade, while Erdemir is paying Try1,810/mt delivered for DKP grade and Try1,805/mt delivered for extra grade—the highest among the three integrated mills.
Kardemir is paying the highest price of the three mills for DKP grade – Try1,905/mt delivered, while its purchase price for extra grade remains at Try1,715/mt delivered.
In Izmir, purchase prices for shipbreaking scrap went down by $6/mt to $276/mt delivered.
US$1 = TRY5.99 as on Feb 3, 2020