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scrap metal - Latest Articles GMK Center

Photo – Global scrap metal prices are supported by an upward trend in Turkiye
Global scrap metal prices are supported by an upward trend in Turkiye

Scrap quotations on the Turkish market for the week of March 6-13, 2023, increased by $8/t, and since the beginning of the year – by $64/t

Photo – Bernd Meyer: «No shortage of steel scrap in Germany is expected in the foreseeable time»
Bernd Meyer: «No shortage of steel scrap in Germany is expected in the foreseeable time»

The BDSV Public Relations and Public Affairs Officer – about the consumption and supply of scrap for the German steel industry

Photo – Ukrzaliznytsia sold 30,000 tons of scrap worth UAH 146.5 million
Ukrzaliznytsia sold 30,000 tons of scrap worth UAH 146.5 million

The average price per ton of sold secondary scrap metal was UAH 5.01 thousand

Photo – Turkiye increased scrap imports by 8% m/m in January 2023
Turkiye increased scrap imports by 8% m/m in January 2023

During the month, Turkish steelmakers imported 1.36 million tons of raw materials

Photo – Global scrap prices are rising amid improving market sentiment
Global scrap prices are rising amid improving market sentiment

Demand for scrap metal continues to rise following announcements by the Turkish government to rebuild cities after the earthquake

Photo – World scrap consumption in 2022 decreased by 7% y/y
World scrap consumption in 2022 decreased by 7% y/y

During the year, the use of scrap metal as a raw material for steel production was 32%

Photo – World prices for scrap metal decreased slightly amid the consequences of the earthquake in Turkiye
World prices for scrap metal decreased slightly amid the consequences of the earthquake in Turkiye

Activity in the Turkish scrap market is almost zero due to the shutdown of steel mills due to the earthquake

Photo – World scrap prices continue to rise amid tight supply
World scrap prices continue to rise amid tight supply

Suppliers hold back scrap sales, expecting better prices

Photo – Turkiye reduced scrap imports by 4.5% m/m in December 2022
Turkiye reduced scrap imports by 4.5% m/m in December 2022

In 2022, the import of scrap metal decreased by 16.5% on an annual basis

Photo – World scrap prices increased by $10/t on the background of demand recovery
World scrap prices increased by $10/t on the background of demand recovery

Scrap quotations in Turkiye for the week of January 23-30, 2023, increased to $420/t

Photo – UAVtormet expects an increase in the export of scrap from Ukraine in the 1st quarter of 2023
UAVtormet expects an increase in the export of scrap from Ukraine in the 1st quarter of 2023

The amount of scrap in January-March 2023 is estimated at the level of 300-320 thousand tons

Photo – EUROFER calls on the European Union to include scrap in the list of critical raw materials
EUROFER calls on the European Union to include scrap in the list of critical raw materials

A high rate of raw material exports risks jeopardizing both Europe's strategic autonomy and its climate goals

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