Steel is the most recyclable material in the world and 100% recyclable

Until the end of the year, metallurgists will carry out several more stages of lowering prices in the domestic market. Against the background of expectations of a decrease in purchase prices, supply of scrap to metal plants rose to 78 thousand tons. As a result, many players have unloaded warehouses.

ArcelorMittal, the world's largest mining and metallurgical concern, has become the main contender for the purchase of the bankrupt company Essar Steel, the fourth largest player in the Indian market, with capacities for smelting 10 million tons of steel per year.

There is no official explanation as to why OAO MMZ was included in the sanctions list of Russian enterprises. From the point of view of the metallurgical lobby in the parliament, the plant was guilty of buying too much scrap in Ukraine and located in the territory controlled by Russia.

About the data of the state enterprise “Ukrpromvneshnekspertiza”, in November, another decrease in prices in the domestic market of Ukraine is expected. The forecast average price for the next week is UAH 7756 / t