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scrap - Latest news GMK Center

Photo – World scrap prices for the week of September 19-26, 2022, recovered to $365/t
World scrap prices for the week of September 19-26, 2022, recovered to $365/t

Suppliers in the Turkish market are expecting an increase in quotations

Photo – Kazakhstan to extend the ban on scrap exports
Kazakhstan to extend the ban on scrap exports

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

Photo – Ukrzaliznytsia sold 4 out of 32 lots of scrap metal for 5.8 million hryvnias
Ukrzaliznytsia sold 4 out of 32 lots of scrap metal for 5.8 million hryvnias

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

Photo – World scrap prices continue to fall amid declining steel production
World scrap prices continue to fall amid declining steel production

Market participants believe that the downward trend will continue in September

Photo – Scrap collection decreased to 782 thousand tons in Ukraine for January-August 2022
Scrap collection decreased to 782 thousand tons in Ukraine for January-August 2022

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

Photo – Ukrzaliznytsia put up for sale 21,000 tons of scrap for 93.4 million hryvnias
Ukrzaliznytsia put up for sale 21,000 tons of scrap for 93.4 million hryvnias

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

Photo – Global scrap prices fell back after a week of gains
Global scrap prices fell back after a week of gains

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

Photo – The EU should refuse the scrap export to third countries – EUROFER
The EU should refuse the scrap export to third countries – EUROFER

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

Photo – Turkey reduced scrap metal imports by 43% y/y in July
Turkey reduced scrap metal imports by 43% y/y in July

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

Photo – Ukrzaliznytsia sold 15 out of 47 lots of scrap for UAH 54.9 million
Ukrzaliznytsia sold 15 out of 47 lots of scrap for UAH 54.9 million

The sale of all scrap lots could bring the railway operator more than UAH 140.8 million

Photo – World scrap prices increased to $402/t after two weeks of stabilization
World scrap prices increased to $402/t after two weeks of stabilization

The increase in prices was facilitated by the growth of trade activity

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