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scrap - Latest news GMK Center

Photo – The material of the future: why ferrous scrap has already become a strategic raw material
The material of the future: why ferrous scrap has already become a strategic raw material

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

Photo – World scrap prices stabilized after a 5-week decline
World scrap prices stabilized after a 5-week decline

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

Photo – World scrap prices fell for the fifth week in a row
World scrap prices fell for the fifth week in a row

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

Photo – Scrap collection in Ukraine fell to 875 thousand tons for January-October 2022
Scrap collection in Ukraine fell to 875 thousand tons for January-October 2022

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

Photo – Global scrap prices continue to fall under pressure from weak demand
Global scrap prices continue to fall under pressure from weak demand

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

Photo – Italy’s scrap collectors fear financial losses due to the export ban
Italy’s scrap collectors fear financial losses due to the export ban

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

Photo – 43 countries globally have restricted the export of ferrous scrap
43 countries globally have restricted the export of ferrous scrap

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

Photo – UMCC put up for sale 2.1 thousand tons of scrap metal worth UAH 7.6 million
UMCC put up for sale 2.1 thousand tons of scrap metal worth UAH 7.6 million

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

Photo – Turkiye reduced import of scrap metal by 14% m/m in September 2022
Turkiye reduced import of scrap metal by 14% m/m in September 2022

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

Photo – World scrap prices fell for the third week in a row
World scrap prices fell for the third week in a row

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

Photo – BIR calls on European governments to support the recycling industry
BIR calls on European governments to support the recycling industry

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

Photo – World scrap prices continue to fall amid reduced demand
World scrap prices continue to fall amid reduced demand

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

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