In July the scrap redemption centers increased prices to the highest level in the last 3 years on the background of the world metal prices growth.
The most popular metal – 4 mm thick sheet – in just a month increased in price by 26%, to 170 euro per ton, while sheet with the thickness of less than 4 mm as well as bars of 6 mm increased by 31.3%, to 210 euro per ton.
“The previous time when the price rose to such a level was 2 years and 10 months ago. Prices for non-ferrous metals have also grown”, the Kuusakoski procurement department director Toomas Kollamaa said. “Even though the influence of the world prices is not as great there, local non-ferrous market has also demonstrated a considerable increase. 4 euro per 1 kg of copper and 1 euro for 1 kg of aluminum – these are pretty good prices”.
“The growth of ferrous metals prices is explained with the increase in demand, particularly in Turkey, where construction has improved and the demand for steel rebars has increased. Manufacturers note that price for new ferrous metals has also increased, so the prices for new metal and for scrap are growing on almost the same level”, he added. (Ukrainian metal)