The record price of scrap metal is still rising
2022-03-14
Scrap metal prices are rising sharply. In the first three months of 2022, scrap metal prices rose by about 30%. According to the website scraprice.com, in March 2022, the price of scrap metal in Turkey was the highest at around € 470 per tonne. It is possible that such a high price for scrap metal is the highest in history and has never been before. Why the price of scrap metal is so high we probably won’t find a single answer. It is possible that the demand for metal raw materials has increased very strongly due to the events in Ukraine or other reasons. We will not analyze why this is the case, but it can be assumed that with such a high price of scrap metal,
the production of metal and all the goods that require this raw material will increase significantly.
The next country where the price of scrap metal in March 2022 was extremely high is Poland. According to the graph below, the price of scrap metal in this country was around € 410 per tonne.
We will see soon whether the prices of scrap metal will continue to rise or have already reached their highest point
