Skip to main content

Eastern Europe

The seasonal slowdown is still palpable in the colder areas of Eastern Europe. Both Russia and Ukraine are experiencing a snowy winter and are seeing less scrap availability - up to 30% lower in the case of Ukraine. This is especially true of brass units. Scrap generators are also hoping for stronger sales after the Chinese New Year holidays and are therefore holding on to their stock to see how the market performs after mid-February.

There has been an end to the strikes by truck drivers in Poland and Slovakia that created massive queues at the border with Ukraine in December. For trucks to cross the border, however, it is still necessary to register in advance via the electronic ticket system.

Ongoing tensions in the Red Sea have prompted European exporters to look at selling their scrap within the EU. Soaring freight rates and longer transit times for vessels going around the Cape of Good Hope instead of the Red Sea (an extra 10-20 days on average for Europe-Asia journeys) are placing an extra burden on cash-flow and so have led to increased scrap availability for European consumers.

While China has already fulfilled its 2025 goal of 20% of all new cars sold being electric vehicles, EV sales in Europe are weaker than expected. Skoda and Volkswagen are buying increased amounts of secondary aluminium alloys for production of the internal combustion engines.