scrap prices

Scrap production in the EU is decreasing in parallel with the decrease in steel production volumes

A significant increase in prices is not expected

Limited scrap supply keeps prices from falling significantly

The offer is kept at a high level

Major global markets faced pressure from uncertainty in the steel market and falling prices for other raw materials

Turkish steelmakers have suspended purchases

The trend was supported by increased demand from steelmakers after the New Year holidays

China stands out from the general trend, where a high supply of raw materials hinders price growth

The positive trend is maintained due to the growth of demand amid limited supply

Interest rates will also affect the scrap steel trade

Restocking by steelmakers slightly increased activity in global scrap markets, but the trend is short-term

Further positive dynamics are at risk due to the potential deterioration of the Chinese economy