Metallurgprom has asked the Prime-Minister Arseny Yatsenyuk and the Ministry of economical development and trade to help in limiting ferrous scrap exports as the local market suffers from its shortage.
This year metal companies received 160 thousand tons of scrap, down by 100 thousand tons MoM, or just 60% of the volume needed. Scrap procurement in February is low and for the whole 2016 is expected on the level of 2.5-2.8 million tons.
At the same time, for 2016 metal companies will need 4.4 million tons of scrap.
Metallurgprom believes that if Ukraine turns into a raw materials base for foreign metal makers, this will result in a scrap deficiency in future and the fall of metal and other industries. (Ukrainian Metal)