Prices for steel raw materials showed a significant rise in September

In China prices remain stable, as the first decade of October is a holiday in the country, so there is no trade activity.

Scrap market in USA remains weak ahead of October trading amid uncertainty. While there are many factors affecting trade, two of them have the biggest impact on future prospects: the escalation of the strike in the auto industry and the resulting plant downtime.

Market participants expect high-grade scrap prices to remain at high levels, while low-grade scrap prices will decline. During September, the market saw an upward trend thanks to export demand, but no such support is expected at the moment. The strike may also affect the supply of raw materials, so a sharp collapse in prices is not predicted, but growth should not be expected either.