Turkey’s domestic scrap prices unchanged on lira basis

Turkey’s domestic scrap market has mostly remained stable over the past two weeks in the local currency. The depreciation of the Turkish currency means that dollar-based prices are now $2-3/mt lower than the levels recorded at the end of June. Meanwhile, some producers have increased their purchase prices by TRY 300-400/mt, matched by a rise of $7-10/mt rise on dollar basis.

Despite the changes in some prices, the general range in the local Turkish scrap market for the benchmark DKP grade scrap is still at TRY 11,800-13,150/mt in the local currency, with dollar-based prices softening to $357-398/mt from the range of $360-401/mt.

All above prices are for deliveries to customer and exclude VAT. Exchange rate fluctuations are taken into consideration when calculating the dollar-based price changes.

$1 = TRY 33.02