scrap - Latest news GMK Center

The railway operator successfully held 15 scrap metal auctions out of 51 planned

Steel plants have reduced purchases of raw materials to a minimum in anticipation of positive signals on the steel market

Activity in the Turkish and Chinese markets picked up as commodity prices reached operational levels

Auctions for the sale of 51 lots of scrap are scheduled for May 22, 2023

Domestic deliveries of raw materials to steel mills fell by 2.7% m/m in April 2023

Demand for raw materials from European steel producers is increasing

In most of the world's scrap metal markets, raw material quotations are falling due to reduced demand for steel

Falling steel prices make it impossible to buy scrap at current prices

The revised regulation is likely to enter into force in 2024

The ban applies to all types of ferrous scrap, but does not include alloyed or corrosion-resistant scrap

Steelmakers are refusing to buy scrap because they are unsure of future steel sales

The future of the world scrap market depends on the recovery of demand for finished steel products