Scrap collection in Ukraine in February 2023 increased by 52% m/m

Domestic supplies of scrap to steel plants for February 2023 increased by 43.3% m/m
Global scrap metal prices are supported by an upward trend in Turkiye

Scrap quotations on the Turkish market for the week of March 6-13, 2023, increased by $8/t, and since the beginning of the year – by $64/t
China plans to reduce coking coal consumption by 20-25% by 2030

The share of steel produced by electric arc furnaces will increase to 22% by 2030
Ukrainian Railways put up for sale 7.2 thousand tons of scrap for UAH 25.5 million

Auctions for the sale of 23 lots of scrap metal are scheduled for March 20, 2023
China’s increased use of scrap is offsetting demand for iron ore — MPI

According to the forecast, in 2023, iron ore consumption by Chinese steelmakers will fall by 2.3% y/y
Global scrap prices are rising amid improving market sentiment

Demand for scrap metal continues to rise following announcements by the Turkish government to rebuild cities after the earthquake
Ukrzaliznytsia put up for sale 37.3 thousand tons of scrap worth UAH 150.8 million

Auctions for the sale of 54 lots of scrap metal are scheduled for March 7, 2023
World scrap consumption in 2022 decreased by 7% y/y

During the year, the use of scrap metal as a raw material for steel production was 32%
Scrap collection in Ukraine for January 2023 fell to 60.5 thousand tons

Domestic supplies of scrap metal to steel plants in January 2023 amounted to 49.4 thousand tons
Ukrzaliznytsia sold scrap for 10.6 million UAH out of the planned 45.5 million UAH

The average price per ton of sold secondary scrap metal was UAH 3.93 thousand
World prices for scrap metal decreased slightly amid the consequences of the earthquake in Turkiye

Activity in the Turkish scrap market is almost zero due to the shutdown of steel mills due to the earthquake
The consumption of scrap in China will remain stable

The import of scrap to the country fell by 4% y/y last year

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