The Minustry of Defence is stockpiling scrap at four sites for its further sale. Until the end of the year, the ministry could amass 200 thousand tons of scrap, deputy defence minister Yuri Jigir has said. “We have more than 15 thousand tons of ferrous scrap. Of them, 541 tons contain precious metals. Because of…
In January-March, Ukraine exported 61.261 thousand tons of ferrous scrap, up by 52.2% YoY. In monetary terms exports increased by 65.7%, to $19.431 million. According to the State Customs Service, in March exports amounted to 20.80 thousand tons, in February – 23.194 thousand tons and in January – 17.16 thousand tons. The main customer was…
Ukrzaliznytsia JSC promises to take the decision to unblock or cancel scrap metal auctions in the Prozorro.Sales system until the end of April. According to Yevhen Shramko, an Ukrzaliznytsia board member, these auctions were held before the Russian full-scale invasion. “We have already initiated analyses of the issue,” he added. Nataliya Sidoruk, GR-director of Interpipe,…
The Ukrmetalurgpom Association has suggested Ukrzaliznytsia initiate sales of large volumes of metal scrap by a separate individual decision of the Cabinet of Ministers, if the bureaucratic obstacles are not overcome. “We discussed this issue back in winter, and we were told that it would be solved within a couple of weeks. It’s April already,…
Ukrmetallurgprom is asking the Verkhovna Rada of Ukraine to take all the necessary measures to unblock scrap sales at Ukrzaliznytsia. Since February 28, when a meeting was held on the issue, Ukrzaliznystia has held no scrap auctions. Even though the enterprise chairman Yevhen Lyaschenko assured metal companies that auctions would start from the second half…
Lithuania, supported by the Czech Republic, Latvia and Estonia, has proposed that the European Union ban imports of ferrous metals, copper and aluminium waste and scrap from Russia, saying that Moscow is using the proceeds to finance its war against Ukraine. The proposal was tabled at the Environment Council’s meeting in Brussels on March 26,…
In January-February, Ukraine procured 258.7 thousand tons of ferrous metals scrap, up by 70% YoY. In February, procurement totaled 140.4 thousand tons, with 118.3 thousands tons collected in January. Domestic consumption grew by 71.4%. Metal plants received 206 thousand tons as opposed to 120.2 thousand tons last year. As of March 1, scrap stocks were…
Following the drop in prices on global markets, Ukraine should also expect the decrease in ferrous scrap prices within weeks, economist Oleksiy Kusch has said. “Global prices for scrap have been falling since late January, by $3-5 per ton every 4 days. Thus, while on February 1 the price was $422 per ton, now it…