The Ministry of economical development and trade has suggested canceling VAT in operations with scrap metal, as well as the income tax when submitting scrap. The ministry suggests canceling VAT for good, instead of making amendments to the state budget on annual basis, as it is done now. Thus VAT will not be imposed on…
In July Ukraine exported $224.58 million worth of steel semi-finished products, while imports reached $1.22 million. According to the State Fiscal Service, the main consumer of Ukrainian steel semis in July was Egypt ($60.62 million). In January-July steel semis exports totaled $1326.95 million, with imports on the level of $6.83 million. (Ukrainian metal)
Central Mining and Processing Works has purchased quarry machines valued at 210.5 million UAH. According to the company statement, it has acquired 6 large trucks and a Komatsu D275F-5 bulldozer. The new machines will work at the Artemovsk quarry in Kirovograd region. (Ukrainian metal)
The construction of the aluminum works in Tayshet could start in 2017, according to the deputy of the Irkutsk region government head Anton Logashov. At present the construction is halted. Rusal has been constructing TaAZ since 2006. The works capacity should stand at 750 thousand tons of aluminum per year. (Ukrainian metal)
The weeklong halt at Nikopol Ferroalloy Plant has resulted in the 9% output decrease. According to the Association of Ukrainian Ferroalloy Producers, August target output was decreased from 64 thousand tons to 58.1 thousand tons, with the works producing 58.14 thousand tons. The company furnaces stood idle from August 9 till August 16 due to…
The Pipe Metal Company has supplied a batch of premium-quality pipes to Yamal LNG. TMK has been supplying the company with quality pipes since 2012. In 2014 the parties signed a contract on deliveries till 2020. This year TMK has shipped 4700 tons of premium-quality pipes to Yamal. (Ukrainian metal)
To stop deindustrialization processes Ukraine has to consume 12 million tons of rolled metal per year, according to Ukrpromvneshexpertiza director Vladimir Vlasyuk. “As of today the metal that needs to be replaced equals some 80%. If we take old pipes or structures, all this volume of metal might exceed 400 million tons. This means we…
In January-August Ukraine exported 233.37 thousand tons of ferrous scrap valued at $40.99 million, down by 76.5% and 83.1% YoY respectively. According to the State Fiscal Service, scrap was not exported in July and August, with 26.78 thousand tons exported in June, 112.57 thousand tons in May, 82.47 thousand tons in April, and 11.54 thousand…