scrap - Latest news GMK Center

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

In May, shipments of raw materials increased by 1.5% y/y

Monthly export volumes are approaching pre-war levels

A significant increase in prices is not expected

Import volumes increased by 2.8% y/y

Import volumes increased by 2.5% y/y

More than 60% of importing countries recorded a drop in trade volumes

In this way, the country's government stimulates the activities of local steel enterprises

The information regarding the appeal of steelmakers to the UZ with a request to cancel the auctions held at the beginning of February 2022 is invalid

50 lots from the sale of scrap in the amount of 33.8 thousand tons for a total amount of almost UAH 292.5 million were canceled

The indicator increased only in the USA and India. In China, scrap consumption decreased by 0.8% y/y