Metalworking
In 2024, the Russian aluminum cookware market may increase to 31.7 thousand tons, which is 3.6 thousand tons more than in 2022. With the almost complete cessation of imports of major European brands, consumers are favoring products made in Russia.
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The capacity of the rolled metal market in the Russian Federation in the first quarter of 2023 decreased by 3% compared to the first quarter of 2022, but showed a brisk growth compared to the fourth quarter of 2022 (+6%).
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Turkey has increased the fee for the passage of ships through the Bosphorus and Dardanelles Straits by 8.3% and will now revise it annually, at the end of June. In October last year, fees have already been raised five times.
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In the world of trade, everything is interconnected: the demand for some goods increases the demand for others and reduces the demand for others. The same applies to the scrap metal market, which is firmly connected with the work of metallurgical enterprises.
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Aluminum fell in price last year, as did steel, nickel, and copper. Expensive energy resources increased the cost of its production, but did not increase demand due to problems in the leading economies of the world.
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