collection of scrap - Latest news GMK Center

Buyers do not support further growth amid increased supply from scrap metal collectors

The Cabinet of Ministers will prepare official explanations for customs

The main export destination has become the European Union, which itself is a major supplier of scrap

Last year scrap exports grew by 61% to 293 thousand tons

Shipments increased by 62.4% y/y

Shipments increased by 54.4% y/y

The scrap industry continues to increase the export of raw materials, which are critically important for the stable operation of domestic steel industry

The company stopped selling scrap at open auctions despite the critical need for raw materials by the steel industry of Ukraine

The EU steel industry has a huge unrealized potential to increase scrap consumption to meet the goals of reducing carbon emissions and developing a circular economy

Scrap collection is growing, but the industry is experiencing a number of problems that limit its potential

Monthly export volumes are approaching pre-war levels

Export of raw materials increased by 25% m/m and is 19.1% of the total collection for the month