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scrap - Latest news GMK Center

Photo – Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants
Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

Photo – Scrap collection in Ukraine in January-November 2022 decreased to 886 thousand tons
Scrap collection in Ukraine in January-November 2022 decreased to 886 thousand tons

Internal supplies of scrap to steel plants for 11 months amounted to 841.9 thousand tons

Photo – Ukrzaliznytsia sold scrap for UAH 1.4 million out of the planned UAH 82.1 million
Ukrzaliznytsia sold scrap for UAH 1.4 million out of the planned UAH 82.1 million

36 scrap lots could not be sold due to the lack of participants in the auctions

Photo – China’s electro steel industry is under pressure from rising scrap prices
China’s electro steel industry is under pressure from rising scrap prices

The seasonal increase in prices for scrap metal does not correspond to the state of the steel market, reducing the margins of steel mills

Photo – World prices for scrap are increasing for the second week in a row – $383/t
World prices for scrap are increasing for the second week in a row – $383/t

In the week of November 28 – December 5, 2022, scrap quotations in Turkiye increased by $23/t

Photo – ArcelorMittal buys scrap recycling company Riwald Recycling
ArcelorMittal buys scrap recycling company Riwald Recycling

In 2021, Riwald processed more than 330,000 tons of ferrous metal scrap

Photo – Turkiye increased scrap imports by 5.1% m/m in October 2022
Turkiye increased scrap imports by 5.1% m/m in October 2022

In January-October 2022, the import of scrap metal decreased by 10.4% year-on-year

Photo – The Russian Federation to extend the tariff quota for scrap exports until June 2023
The Russian Federation to extend the tariff quota for scrap exports until June 2023

The size of the quota can be reduced to 600 thousand tons from 1.45 million tons, which is valid until the end of 2022

Photo – Ukrzaliznytsia put up for sale 20.5 thousand tons of scrap for UAH 82.1 million
Ukrzaliznytsia put up for sale 20.5 thousand tons of scrap for UAH 82.1 million

Auctions for the sale of 38 lots of scrap metal are scheduled for December 12, 2022

Photo – Ukrzaliznytsia sold 27.4 thousand tons of scrap metal for UAH 144.8 million
Ukrzaliznytsia sold 27.4 thousand tons of scrap metal for UAH 144.8 million

Among the main buyers of raw materials are Metinvest Resource, Dniprostal and Center for Industrial Repair and Construction

Photo – World scrap metal prices rose by $17/t after a 6-week fall
World scrap metal prices rose by $17/t after a 6-week fall

In the week of November 21-28, 2022, scrap metal quotations in Turkiye reached $360/t

Photo – Ukrzaliznytsia put up for sale 27.7 thousand tons of scrap for UAH 120.5 million
Ukrzaliznytsia put up for sale 27.7 thousand tons of scrap for UAH 120.5 million

Auctions for the sale of 29 lots of scrap metal are scheduled for November 30, 2022

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