Month Russian market, $/t, EXW, without VAT, $1/RUR75.172* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.152* min max min max December 298.25 497.92 295.85 363.75 January 256.70 497.92 283.95 366.46 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.01.16 according to the National Bank of Ukraine and the Central Bank of the…
The Ministry of economical development and trade has approved of the 2016 ferrous scrap balance with legislation violations, Metallurgprom and Federation of Ukrainian Metallurgists believe.
Ukraine’s government doesn’t think about national economical interests, and the country could turn into a scrap exporter, by disassembling its own works, said Zaporizhstal CEO Rostislav Shurma.
In January-February Mariupol Ilyich Iron and Steel Works lacked ferrous scrap and had to substitute it with more expensive pig iron, thus decreasing its metal competitiveness.