Last week (May 14-21), scrap quotations stabilized at $505-510/mt CIF for HMS 1&2 scrap (80:20). Importers tried to diversify their sources of raw materials to contain the rise in prices. 

Last week, metallurgical enterprises increased purchase prices for scrap by UAH 890 – up to UAH 7890/mt due to the rapid growth in the cost of billet and rolled products in external directions.

Last week (April 23-30), the prices for scrap metal on the world market remained unchanged, although most of the deals were nevertheless concluded closer to the upper border of the price range $420-430/mt CIF. 

Last week, steelmakers kept the purchase prices for scrap unchanged at UAH 7000/mt. 

Last week (April 16-23), scrap quotations decreased in all regional markets due to weakening demand for long products and the beginning of Ramadan in Muslim countries. In Turkey, a key market for Ukraine, the cost of HMS 1&2 (80:20) fell to $425/mt CIF.