Last week (March 5-12), prices for scrap metal on the world market rose slightly against the background of replenishment of stocks by Turkish and Asian metallurgists. The cost of HMS 1&  (80:20) scrap at the benchmark - the Turkish market - increased to $455-465/mt CIF.

Last week (March 5 –12) steelmakers did not change purchase prices for scrap. The forecast average price for the current week is the same – UAH 6800/mt.

The beginning of the year brought positive news to the scrap procurement market. In just two months, the scrap collection rate increased by 49.2% –  up to 639.2 thousand tons. In the future, the scrap collection industry will develop under the influence of a combination of external and internal factors.

Last week (February 26 – March 5), scrap prices rose in all markets due to active replenishment of stocks by metallurgists in Turkey and Asia. The range of quotations for scrap HMS 1&2 (80:20) was $450-460/mt CIF.  The forecasted range of prices for scrap in March is $450-470/mt CIF.

Last week (February 26 – March 5), steelmakers left prices unchanged at UAH 6,800/mt. In the future, the factories will be forced to increase domestic prices against the background of the rise in the cost of rolled products and the growth in the cost of scrap exported from Ukraine. The forecasted average price next week is UAH 6800/mt.