scrap - Latest news GMK Center

In January-September, scrap supplies increased by 6.3% y/y

A slight increase in offers was recorded in China and Italy

Shipments increased by 54.4% y/y

The export of this raw material from the EU in January-June amounted to 7.36 million tons

In January-August, scrap supplies increased by 4% y/y

The industry association also points to high electricity prices for Italian steelmakers

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

Monthly export volumes are approaching pre-war levels

Large volumes of cheap steel exports from China have affected production in many regions, putting direct pressure on scrap demand

Import volumes increased by 3.6% y/y