scrap prices - Latest news GMK Center

Demand for scrap metal continues to rise following announcements by the Turkish government to rebuild cities after the earthquake

Suppliers hold back scrap sales, expecting better prices

Scrap quotations in Turkiye for the week of January 23-30, 2023, increased to $420/t

Scrap quotations in Turkiye for the week of January 16-23, 2023, decreased to $410/t

Scrap quotations in Turkiye for the week of January 9-16, 2023, decreased by $7/t against the background of reduced demand for finished steel products

Scrap quotations in Turkiye for the week of January 2-9, 2023, rose by $13/t amid steady demand for finished steel products

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t

In the week of December 5-12, 2022, scrap quotations in Turkiye remained at $383/t

The seasonal increase in prices for scrap metal does not correspond to the state of the steel market, reducing the margins of steel mills

In the week of November 28 – December 5, 2022, scrap quotations in Turkiye increased by $23/t

In the week of November 21-28, 2022, scrap metal quotations in Turkiye reached $360/t