scrap prices - Latest news GMK Center

On average, prices have fallen by 1–4 per cent since the start of the month

A negative trend was observed only in China

Prices on the European market remained at the previous month's level

The Turkish market was under pressure from a supply shortage and rising freight rates due to the military conflict in the Middle East

Prices continued to rise in Europe and China, while falling slightly in Turkey and the US

The supply of this raw material remains limited

Reduced production and activity in certain regions are supporting the market despite sluggish conditions

Seasonality, currency fluctuations, and demand imbalances are key drivers in the markets

Global prices are moving unevenly: the US and Turkey are experiencing growth, while the markets in China and the EU remain under pressure

Turkey's reduction in purchases has led to an accumulation of scrap in Europe

Turkish steelmakers await decisions from the country's Central Bank that could affect market dynamics

Asian seaborne scrap market weakened by strong Chinese steel exports