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scrap - Latest news GMK Center

Photo – World scrap metal consumption in January-June 2022 fell by 8.4% y/y
World scrap metal consumption in January-June 2022 fell by 8.4% y/y

The negative trend in demand for scrap is supported by the decline in global steel production

Photo – Ukrzaliznytsia sold 18.3 thousand tons of scrap metal for UAH 99.6 million
Ukrzaliznytsia sold 18.3 thousand tons of scrap metal for UAH 99.6 million

Among the main buyers of scrap metal are Dniprostal, Metinvest Resources and Zakhid-Technomedbud

Photo – World scrap prices returned to decline after a 3-week rise
World scrap prices returned to decline after a 3-week rise

For the week of October 10-17, 2022, scrap quotations in Turkiye decreased by $3/t – to $365-370/t

Photo – Interpipe Vtormet processed 87.7 thousand tons of scrap in the first half of 2022
Interpipe Vtormet processed 87.7 thousand tons of scrap in the first half of 2022

In January-June 2022, the company received a loss of UAH 35.3 million against a revenue of UAH 10.2 million a year ago

Photo – Scrap metal collection in Ukraine for January-September 2022 decreased to 830 thousand tons
Scrap metal collection in Ukraine for January-September 2022 decreased to 830 thousand tons

Domestic supplies of scrap metal to steel plants during this period amounted to 755.5 thousand tons

Photo – German scrap suppliers are concerned about high energy prices
German scrap suppliers are concerned about high energy prices

The industry is preparing for a difficult fourth quarter in the scrap market

Photo – World scrap prices have been rising for the third week in a row
World scrap prices have been rising for the third week in a row

For the week of October 3-10, 2022, scrap quotations in Turkiye increased by $5/t – to $371-373/t

Photo – Ukrzaliznytsia put up for sale 12.5 thousand tons of scrap for UAH 49.5 million
Ukrzaliznytsia put up for sale 12.5 thousand tons of scrap for UAH 49.5 million

Auctions for the sale of 22 lots of scrap metal are scheduled for October 19, 2022

Photo – Ukrzaliznytsia put up for sale 9 thousand tons of scrap for UAH 35.6 million
Ukrzaliznytsia put up for sale 9 thousand tons of scrap for UAH 35.6 million

Auctions for the sale of 22 scrap metal lots are scheduled for October 18, 2022

Photo – Steel Dynamics completed the acquisition of ROCA
Steel Dynamics completed the acquisition of ROCA

Acquisition of a Mexican company significantly strengthens Steel Dynamics' strategy for purchasing scrap in the region

Photo – World scrap prices for the week of September 26 – October 3 increased to $368/t
World scrap prices for the week of September 26 – October 3 increased to $368/t

Turkish steel mills expect a decrease in scrap metal prices

Photo – Türkiye increased imports of scrap metal by 17.5% m/m in August 2022
Türkiye increased imports of scrap metal by 17.5% m/m in August 2022

In January-August 2022, the import of scrap metal decreased by 10.3% year-on-year

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