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scrap - Latest news GMK Center

Photo – Kyrgyzstan again extended the ban on scrap exports outside the EAEU
Kyrgyzstan again extended the ban on scrap exports outside the EAEU

The ban on the export of raw materials will last another six months

Photo – Scrap usage in China’s steel industry lags behind expectations – Morgan Stanley
Scrap usage in China’s steel industry lags behind expectations – Morgan Stanley

The country's goal of achieving a 15% share of steel production in the EAF by 2025 looks somewhat optimistic

Photo – Kazakhstan extends ban on scrap exports again
Kazakhstan extends ban on scrap exports again

Restrictions on the export of raw materials are introduced as part of the support of the domestic steel industry

Photo – Turkiye reduced scrap imports by 10% y/y in 2023
Turkiye reduced scrap imports by 10% y/y in 2023

In December, imported scrap supplies to Turkish steelmakers increased by 31.1% y/y

Photo – Scrap collecton in Ukraine in 2023 increased by 28.1% y/y
Scrap collecton in Ukraine in 2023 increased by 28.1% y/y

During the same period, the supply of raw materials to consumers increased by 15.4% y/y

Photo – Scrap export from Ukraine increased by 3.4 times y/y in 2023
Scrap export from Ukraine increased by 3.4 times y/y in 2023

During the year, Ukrainian scrap companies shipped 182.48 thousand tons of scrap abroad

Photo – India seeks to significantly increase the use of scrap in steel production
India seeks to significantly increase the use of scrap in steel production

The country aims to increase the share of this raw material in steel industry to 50% by 2047

Photo – Global scrap consumption decreased by 5% in 2023
Global scrap consumption decreased by 5% in 2023

The use of this raw material in steel production fell slightly last year

Photo – Green transition of the British steel industry will cause a jump in demand for scrap
Green transition of the British steel industry will cause a jump in demand for scrap

Industry associations call for consideration in the matter of export of raw materials and possible restrictions

Photo – Brazil increased iron ore exports by 10% y/y in 2023
Brazil increased iron ore exports by 10% y/y in 2023

Export of scrap steel from the country has more than doubled in a year

Photo – Ukrainian Railways sold 76.4 thousand tons of scrap for 460 million UAH in 2023
Ukrainian Railways sold 76.4 thousand tons of scrap for 460 million UAH in 2023

During the year, the railway operator successfully held 101 auctions for the sale of raw materials

Photo – Germany’s METYCLE raised $5 million to expand scrap trading platform
Germany’s METYCLE raised $5 million to expand scrap trading platform

The company announced the successful closing of a seed funding round

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