Scraprice.com News
Scrap metal prices are different. Which scrap metal price is higher?
2024-03-25, Scrap metal prices
The price of steel scrap, like that of non-ferrous metal scrap, is often not stable and changes frequently. The price of scrap metal mostly depends on the demand for this raw material in the market. The higher the demand for metal in the market, the higher the price of this raw material on metal exchanges. When the price of metal increases in the metal exchanges, the purchase prices of scrap metal also increase.
Scrap metal prices are different in different countries. Information can be found on the Internet that the highest price of scrap metal is in Turkey and has been between 300 - 400 euros per ton for several years.
The price of heavy metal scrap is higher, while the price of thin and light metal scrap is lower. This is due to the higher transportation cost of light metal scrap. For example, car brake discs have a lot of weight and a small volume, so scrap car brake discs always have a high price.
The highest price of scrap metal remains in Turkey
2024-03-05, Scrap metal prices
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.
The scrap metal price is lower at the beginning of 2023
2023-03-21, Scrap metal prices
At the beginning of 2023, the price of steel scrap was constantly increasing and on February 23, it reached $480 per ton on the London Metal Exchange. Compared to the same period in 2022, the price of scrap metal was on average about 20-30% lower. In March, the price of scrap metal continued to decrease and on March 20 it was $438 per ton. According to the information of the website scraprice.com, it can be concluded that the highest scrap metal prices are in Turkey. That scrap metal is the most expensive in Turkey should not surprise anyone, because it has been like this for a long time. Next, we could mention several European countries, where the prices of scrap metal are also often high: - these are Poland, Lithuania, Bulgaria. Scrap metal prices vary depending on many factors.
Read more
1 - 3 / 9