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The price of stainless steel scrap is going down

2023-06-29, Stainless steel prices

As the price of nickel decreases in metal exchanges, the purchase prices of stainless steel scrap also decrease. From the beginning of 2023 to the end of June, the price of nickel fell by almost 40%. In the first days of 2023, the nickel price was $31.2/kg, on June 28, the nickel price was only $19.85/kg. Since the price of stainless steel scrap largely depends on the price of nickel, the purchase price of stainless steel scrap decreased accordingly. According to the website scraprice.com, the highest price of stainless steel scrap in the last days of June 2023 was in Turkey and reached almost €2/kg. The price of stainless steel scrap was also high in other countries: Denmark, Germany and the United Kingdom.

The price of scrap copper is falling

2023-05-24, Scrap copper prices

In the first days of 2023, the price of copper increased by about 15% and on January 18, it reached $9.436 per kilogram on the London Metal Exchange. However, since that day, the price of copper has steadily declined. On March 15, 2023, the price of copper fell to $8.52/kg, and by May 23, it fell as low as $7.96 per kilogram. As the price of copper in the metal exchanges decreased, the [prices of copper scrap] in each country decreased accordingly. According to information from the scraprice.com website, you can see which country has the highest copper scrap prices. Recently, the highest price of copper scrap was in Poland. The firm Raf-Mar from the city of Kraków bought scrap copper for €7.23/kg in mid-February this year, and on May 24, it paid only €5.77 per kilogram of copper.

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.