The highest price of scrap metal remains in Turkey
2024-03-05
At the beginning of 2024, it is possible to review the price of scrap metal in 2023. From the presented graph, we can see that last year the price of scrap metal remained around $380 per ton for a longer period of time. However, comparing the price of scrap metal at the beginning of the year and at the end of the year, it could be said that the price did not change much and remained on average at the level of $400-420 per ton. Evaluating the price of scrap metal by country, we can say that the highest price of scrap metal was in Turkey.
In the period of the first two months of 2024, the price of scrap metal also had no significant changes and averaged around $410 per ton. The price of scrap metal fluctuates depending on various factors such as demand, supply, market conditions, and the global economy.
This volatility can have significant impact on industries that rely on scrap metal for their operations, such as construction, automotive, and manufacturing. In addition to demand, other factors such as supply chain disruptions, trade tariffs, and changes in regulations can also impact scrap metal prices. For example, trade tensions between countries can affect the flow of scrap metal exports and imports, leading to price fluctuations. Changes in regulations related to environmental policies and recycling practices can also influence the market for scrap metal. Overall, staying informed about these various factors and understanding how they can affect scrap metal prices is crucial for individuals and businesses involved in the scrap metal industry.