Ukrpromvenshexpertisa has noted the increase of ferrous scrap prices from February 20 till April 10, CIF Turkey by 50%, or by $85 per ton, to $255 per ton.
World scrap prices are showing a rapid growth. For the past 6 weeks HMS 1&2 prices went up from $170 per ton to $255 per ton, and reached the maximum indexes since July 2015. Ukrainian scrap shows even higher rates of increase. For the past two months prices went up by 54%, to $215 per ton FOB.
This has led to the increase of the local purchase price, and metal works were able to keep it on the level of 3191 UAH per ton EXW. (Ukrainian metal)