In November, export prices for scrap metal will slightly decrease due to weak demand for long products and restocking from large importers in Turkey and South Korea. We do not expect a significant drop in the cost of raw materials due to the dwindling supply and importers' fears that scrap collection will deteriorate further in the event of a significant decrease in prices. The forecasted range of prices for scrap in November is $480-500/mt CIF.

Last week (October 29 – November 5), metallurgical enterprises increased purchase prices for scrap metal by 550 UAH up to UAH 9250/mt. 

The situation on the domestic scrap metal market in October deteriorated significantly. If in August a record of scrap collection of the current year was recorded – 412.5 thousand tons, then in October - one of the worst indicators - 309.3 thousand tons.

Last week (October 22 – 29), metal enterprises kept their purchase prices at UAH 8,700/mt.