Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for Turkish DKP scrap (equivalent to bonus grade) climbed by TRY7/mt ($0.90/mt) to TRY2,287/mt delivered on Monday and inched up by TRY8/mt ($1/mt) to TRY2,138/mt delivered for extra grade scrap (equivalent to HMS 1&2 [85:15]). 


One integrated steel mill chose to raise its purchase prices considering its needs, though others kept their rates unchanged from last week.


Erdemir increased its purchase prices by TRY50/mt to TRY2,360/mt delivered for DKP grade and to TRY2,355/mt delivered for extra grade on Oct 6, while Isdemir continues to buy those grades at TRY2,120/mt delivered and at TRY2,115/mt delivered, respectively.


Colakoglu Metalurji continues to purchase DKP grade at TRY2,310/mt delivered and extra grade at TRY2,115/mt delivered, while Diler Demir is still paying TRY2,205/mt delivered and TRY2,105/mt delivered, respectively, for those grades.


Kardemir’s buying prices have held at TRY2,345/mt delivered for DKP grade and at TRY2,185/mt delivered for extra grade since Sep 8.


In Izmir, most Turkish mills decreased their purchase prices for shipbreaking scrap to $280/mt delivered, and one producer dropped them further to $275/mt delivered. Purchase prices varied in the range of $280-285/mt delivered a week ago.


($1 = TRY7.86)

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