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Turkish steelmaker Erdemir has raised its domestic scrap purchasing prices after a hiatus in several months. NK K/E32 steel According to a price list released on August 8, Erdemir increased its purchase price for both DKP-grade and special-grade scrap by 305 lira/ton (approximately $7.50/ton) to 13,655 lira/ton and 13,650 lira/ton, respectively. NK K/E32 steel This increase coincides with a slight rebound in imported scrap prices. As of August 7, the price of imported high-quality heavy melting scrap (HMS 1/2, 80:20) in Turkey was $347/ton CFR, up $1/ton from the previous day. Despite this, Turkey's domestic scrap market has remained generally stable since mid-May, constrained by weak demand for finished steel. Isdemir, another Oyak Group steel mill, maintained its purchase prices for DKP-grade and special-grade scrap at 13,100 lira/ton and 13,050 lira/ton, respectively. Steel mills such as Colakoglu and Asil Celik have also maintained their purchase prices since May. NK K/E32 steel Turkish steel mills consume over 25 million tons of scrap annually, approximately a quarter of which comes from the domestic market.
