scrap - Latest news GMK Center

Raw material supplies to third countries increased by 1.4% y/y, and to the EU – by 10.1% y/y

The previous series of auctions did not take place due to insufficient bidders

Scrap usage growth was recorded in Turkey, the EU and India in 2024

Shipments of raw materials increased by 45.5% y/y since the beginning of the year

Insufficient number of participants prevented the sale of raw materials

Decline in supply recorded in the EU

Railroad operator resumes trading in raw materials after a two-year pause

More than 66% of deliveries are to Turkey

The Ministry of Economy proposes to license scrap exports with a zero quota for 2025

Writing off obsolete rolling stock will help the railroad to renew its fleet and support steelmakers with raw materials

Introduction of scrap exports restrictions becomes a new trend

38% of them introduced partial or full ban