In Ukraine, there is a trend towards a decrease in scrap metal prices, which is a result of the collapse of quotations in global markets. Economist Oleksiy Kush notes that this decline is inevitable and will impact the local market.
This is reported by Finway
“April 2025 has become a true ‘bearish’ month for all global exchanges. The decline occurred across all raw material products, with oil prices noticeably dropping, but the most significant decrease has been recorded in scrap prices,” he added.
According to Kush, the decrease in scrap prices is noted in all regions of the world, but the most significant drop is observed in Turkey. In this country’s market, the price of scrap has fallen from $382 per ton to $313 per ton in less than a month, which is a record for the past two years.
The economist also emphasized that the Ukrainian market traditionally reacts to global trends with some delay. Currently, prices are gradually decreasing, but forecasts suggest that a substantial crash in scrap quotations is expected in the first decade of May. The decline could range from ₴1,000 to ₴2,000 per ton, and according to expert assessments, a price increase is not anticipated in the near future.