scrap - Latest news GMK Center

Domestic supplies of raw materials to steel plants will fall by 74.4% y/y

Auctions for the sale of 36 lots of scrap metal are scheduled for December 23, 2022

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

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

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

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

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

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

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

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

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

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