EUROFER proposes to stop scrap export to countries not meeting EU s...
Now, 48% of EU steel production is based on scrap, and more will be needed in the coming years
Global scrap consumption rose by 12% in 2021
Last year scrap usage as a raw material for steel production increased to 32%
Kazakhstan introduces a ban on scrap exports from May 6
Before the order came into force, goods should be freely exported from Kazakhstan
World scrap prices fell by $60 last week
During April 18-25, scrap prices in Turkey dropped to $570-575/t
Russian billets are replacing scrap in Turkey
During April 11-18 scrap prices in Turkey fell to $635 per ton
Global scrap prices lose $3 for the second week in a row
Over the week April 4-11, scrap prices in Turkey fell to $650-651/t
Scrap collection in Ukraine in Q1 decreased by 40%, says UAVtormet
Domestic supplies of raw materials to metallurgical plants fell by 37%
Global scrap prices dropped slightly after two stable weeks
During March 28 - April 4 scrap prices in Turkey lost $3, dropping to $652-654
Russia to increase scrap export duty in three times
New duty €290/t is planned to put from May 1 to July 31
Global scrap prices remain at $655/t for the second week in a row
Price quotations are stable as buyers, and sellers don’t trade off on price revisions
UAVtormet reported a 22% cut in scrap collection in Ukraine
The Association explains this trend by a seasonal factor, a decrease in purchase prices and a restriction of exports in the market
Scrap collection in Ukraine increased by 35% in 2021
Ukraine boosted scrap exports by 17 times to 615.7 thousand tons over the year