scrap - Latest news GMK Center

Turkish steel mills expect a decrease in scrap metal prices

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

Suppliers in the Turkish market are expecting an increase in quotations

The ban on the scrap metal export is expected to be extended for another 6 months in order to meet domestic demand

Scrap quotes were stable amid lack of buyer activity

For the third time, the railway operator is unable to sell a large amount of scrap due to a lack of buyers

Market participants believe that the downward trend will continue in September

Domestic scrap supplies to steel plants amounted to 713.9 thousand tons.

Auctions for the sale of 32 lots of scrap metal are scheduled for September 20, 2022

Turkish steelmakers are unable to buy scrap in conditions of very low demand for finished products

The Waste Shipment Regulation (WSR) is the last chance to fix the scrap outflow and meet climate goals

In January-July 2022, the import of scrap metal decreased by 21.5% y/y