9,524.59 TRY BIST 100 BIST 100
4.52 CNY CNY CNY
34.69 EUR EUR EUR
32.57 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.49 TRY Interest Interest
88.76 USD Fossil Oil Fossil Oil
28.28 USD Silver Silver
4.43 USD Copper Copper
117.60 USD Iron Ore Iron Ore
385.00 USD Ship Dismantling Ship Dismantling
2,496.44 TRY Gold (gr) Gold (gr)

How the market value of 3A scrap changed in 2023?

Since the beginning of 2023, prices for metallurgical products have gone up, pulling up the cost of scrap with them.

How the market value of 3A scrap changed in 2023?

Due to the reduced procurement of scrap metal in the winter months, with increased demand from metallurgists, a seasonal shortage of raw materials appeared on the market. In addition to this, the exchange rate of the ruble gradually weakened from 68 rubles per dollar in mid-January to 77 rubles by mid-March. The result of the influence of the above factors was an increase in the price of 3A scrap to 18.5–19 thousand rubles per ton at the end of January this year.

Further, during the first quarter of 2023, prices for scrap metal continued to grow steadily, reaching a mark of 24.5–25 thousand rubles per ton of scrap 3A. At the same time, by the end of April, the price peaks were passed, and the cost of scrap in the second quarter of this year began a gradual decline under the influence of seasonal factors. Screening to the level of 22.3 thousand rubles per ton, scrap 3A already in July began to rise in price again, coming close to the mark of 23 thousand rubles. Since the beginning of the year, 3A scrap metal has shown a rapid growth of 37% from 16.3 thousand at the beginning of January to 22.28 thousand at the end of June.

Comments

1 comments
Scrap is already 28 thousand rubles. Many traders did not believe in the July and August rise in prices, maintaining moderate stocks in warehouses. In the meantime, some factories have already begun to quote September production. And there doesn't seem to be enough for everyone.

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