scrap import - Latest news GMK Center

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

In monetary terms, exports increased by 9.5% y/y in connection with the increase in scrap metal prices

In January-November 2022, the import of raw materials decreased by 12.8% year-on-year

Domestic supplies of scrap metal to steel plants during this period amounted to 801.7 thousand tons

In January-September, the import of scrap metal decreased by 10.5% year-on-year

Domestic supplies of scrap metal to steel plants during this period amounted to 755.5 thousand tons

Domestic supplies of scrap metal to steel plants fell to 685.6 thousand tons

The Association explains this trend by a seasonal factor, a decrease in purchase prices and a restriction of exports in the market

The Association believes that the growth results from the good balance in the Ukrainian market and increase in exports

The Association believes that the growth results from the favorable pricing environment and increase in exports

The Association explains this trend by steel companies’ high purchase prices and the intensification of export activities