7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL 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.


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.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Innovative trends propel nut coke market amidst metallurgical advancements

Thursday, December 7, 2023

In January wire rod prices will be increased by CSC

Thursday, December 7, 2023

Striking increase in Turkey's scrap exports in October: 151 percent!

Thursday, December 7, 2023

KARDEMİR will establish a 27.3 MW solar power plant in Van

Thursday, December 7, 2023

This week in European steel market!

Thursday, December 7, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now