Scrap shipments to steelmakers increased by 23% in Q1

In January–March 2021, scrap shipments to Ukrainian steelmaking companies increased by 23.1% to 837.7 thousand tons compared to the same period of 2020, according to UAVtormet association.

The volume of scrap collected by steelmaking companies in 3M increased by 28.2% to 930 thousand tons against January–March 2020.

“This trend is due to high purchase prices of steelmaking companies in the market in January–March,” reads the post.

Presently, Ukrainian steelmakers are facing no scrap deficit. As of the end of March, scrap stocks at iron and steel works amounted to 180–185 thousand tons.

As GMK Center reported earlier, in 2020 scrap shipments to Ukrainian steelmaking companies shrank by 3.9% to 2.9 million tons compared to 2019. As of the end of December, scrap stocks at iron and steel works amounted to 170–175 thousand tons.

  • Companies

Salzgitter reduced steel production by 7.5% q/q in Q1

German steelmaker Salzgitter AG cut steel production by 7.5% to 1.55 million tons in January-March…

Tuesday May 13, 2025
  • Global Market

Malaysia imposes anti-dumping duties on certain types of flat products

The Ministry of Investment, Trade and Industry of Malaysia has announced the introduction of final…

Tuesday May 13, 2025
  • Companies

Marcegaglia increases investment in the restart of its plant in France to €800 million

The Italian steel group Marcegaglia has announced an increase in investment in the restart of…

Tuesday May 13, 2025
  • Global Market

Nucor cuts hot rolled coil prices for the second time in May

American steel company Nucor has announced a reduction in the weekly spot price (CSP) for…

Tuesday May 13, 2025
  • Global Market

India considers countermeasures against US steel duties

India is considering imposing import duties on certain goods produced in the United States in…

Tuesday May 13, 2025
  • Companies

Polish Defense Ministry disputes the updated cost of Huta Częstochowa

Poland's Ministry of Defense (MON) has filed an official protest with the Czestochowa Commercial Court…

Tuesday May 13, 2025