The Ukrainian scrap metal market is expecting further price declines due to the global crash in world markets, reports economist Oleksiy Kush. According to him, April 2025 has been a challenging period for all global exchanges and raw material markets.
This is reported by Business • Media
“April 2025 has been a true ‘bearish’ month for all global exchanges. The decline has occurred across all raw material products, with oil prices noticeably dropping, but the most significant fall has been recorded in scrap prices,” he noted.
Price Collapse in a Global Context
According to the expert, the decline in prices for metallurgical raw materials has been observed in all regions of the world. The largest volume of decline has been recorded in Turkey, which significantly impacts the Ukrainian market. Thus, in less than a month, the price of scrap has decreased from $382 per ton to $313, marking a record drop over the past two years.
Expected Trends in the Ukrainian Market
Kush emphasized that the Ukrainian market tends to react with a delay to global fluctuations. Currently, prices are gradually decreasing, but various forecasts suggest that a crash in scrap prices is expected in the first week of May, with a potential drop of 1,000 to 2,000 hryvnias per ton. The expert is convinced that a price increase in the near future is unlikely.