Such high scrap prices have never been before
2022-04-06
Since the beginning of 2022, the price of scrap metal has risen by about 30% and in April may have reached an all-time high. There has never been such an expensive scrap metal. The price of scrap metal today (2022.04.06) reached 590 Eur / kg and more. The highest price of scrap metal according to the website scraprice.com is in Turkey. It would be logical to conclude that with such a high price of scrap metal, metal factories will sharply increase the prices of their production and all metal products will become more expensive as well. We will see in the near future whether the purchase prices for scrap metal will increase further or have already reached the upper
limit and will start to decrease. Scrap metal buyers are trying not to keep large stocks of scrap metal in their warehouses because the risk that the price of scrap metal will start to fall soon is very high. It can be argued that in such a situation, those who have to sell scrap metal should not delay and risk waiting for a higher price, although the future remains very uncertain due to various events in the world
