The state enterprise Ukrpromvneshexpertisa forecasts that in November scrap stocks of metal companies will increase by 18.75-25% MoM, or by 30-40 thousand tons, to 190-200 thousand tons.
“In October the stocks were on the level of 160 thousand tons. I believe, they will grow, because the steel smelting decrease and scrap supply growth are expected. This will allow the works to form winter stocks”, UPE marketing department director Yuri Dobrovolsky said.
According to him, scrap deliveries to metal companies will reach 300 thousand tons. (Ukrainian metal)