Last week (March 26 – April 2), scrap prices increased significantly in all regional markets without exception. In the Turkish market, the price range for HMS 1&2 (80:20) scrap was $425-435/mt CIF. 

Last week, metallurgical enterprises lowered purchase prices for scrap by UAH 300– to UAH 7000/mt. However, the factories intend to continue lowering purchase prices.

Last week (March 19 – 26), scrap metal quotations in all regional markets fell against the backdrop of high supply and the difficulties of metallurgists with the sale of finished rolled products. As a result, the Turkish market for HMS 1&2 (80:20) scrap fell to $405-415/mt CIF.

Last week, steelmakers lowered their purchase prices for scrap by UAH 500 - to UAH 7300/mt. 

Interview of Konstantin Bass, Chairman of the Supervisory Board of the UKRMET Group of Companies, on the current situation in the scrap collection industry and attempts to extend the scrap export duty