scrap - Latest news GMK Center

Activity in the Turkish scrap market is almost zero due to the shutdown of steel mills due to the earthquake

The import of scrap to the country fell by 4% y/y last year

The company intends to attract new steel plants to its client base

A shortage of scrap could hamper the steel industry's ambitions for decarbonisation

Suppliers hold back scrap sales, expecting better prices

Gradually, the country will increase the import of scrap metal, becoming the world's largest importer of such raw materials

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

Scrap quotations in Turkiye for the week of January 23-30, 2023, increased to $420/t

The amount of scrap in January-March 2023 is estimated at the level of 300-320 thousand tons

A high rate of raw material exports risks jeopardizing both Europe's strategic autonomy and its climate goals

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

The average price per ton of sold secondary scrap metal was UAH 4.2 thousand