According to the results of 11 months, the dynamics of the decline in key indicators of the scrap collection industry in November improved somewhat – the decline in the period in annual terms was not 10%, but 8%.

The growth of quotations of ferrous scrap continues on the world market. Last week (November 27 - December 04), the prices for HMS 1&2 (80:20) scrap increased to $360/mt CIF in the Mediterranean ports of Turkey.

Last week (November 27 –  December 04), for the first time in 2 months, metallurgical enterprises increased purchase prices for scrap metal by UAH 250/mt –  up to UAH 5950/ mt. Rising prices for raw materials and improving market conditions in world markets are forcing metallurgists to buy more expensive.

Last week (November 20-27), ferrous scrap quotations increased significantly in all markets. In the Turkish Underlying Market, HMS 1&2 (80:20) prices rose to $340-350/mt CIF, up $20 from the previous week.

Despite the rise in prices for ferrous scrap  on the world market, domestic prices have remained unchanged for more than a month. Last week, the purchase prices of metal enterprises for scrap remained at the level of 5700 UAH/mt.