scrap - Latest news GMK Center

The demand for ferrous scrap is growing due to the global development of electro steel industry in the framework of decarbonization

For the week of November 14-21, 2022, scrap quotes in Turkiye remained at $343/t

For the week of November 7-14, 2022, scrap quotations in Turkiye decreased by $6/t – to $340-344/t

Domestic supplies of scrap metal to steel plants during this period amounted to 801.7 thousand tons

For the week of October 31 – November 7, 2022, scrap quotations in Turkiye decreased by $10/t – to $350/t

The ban on the export of scrap from the EU will lead to the loss of jobs and an increase in the stocks of scrap for European companies

Restrictions will apply in 71 countries, or every third country in the world, after the adoption of appropriate measures in the EU and Mexico

The auction for the sale of secondary scrap metal is scheduled for November 18, 2022

In January-September, the import of scrap metal decreased by 10.5% year-on-year

For the week of October 24-31, 2022, scrap quotations in Turkiye decreased by $8/t – to $350-360/t

Potential EU trade restrictions, in particular, will affect scrap imports

During the week of October 17-24, 2022, scrap metal prices fell, in particular, in Turkiye and India