On February 6, the South-Western Railroads, a subsidiary of Ukrzaliznytsia, held its first scrap auctions with the total value of 4.2 million UAH.
The trade was announced on January 25. Only 2 companies participated: Nizhin Research and Mechanical Plant (NDMZ) and Trading House Budkom.
The initial price of the auction was 5935 UAH per ton. Each company made only one bid on separate auctions at 59.3 UAH per ton, having increased the price by 1%.
Thus each company bought 350 tons of ferrous scrap at the same price of 5994 UAH per ton.
Other 106 auctions valued at 102.95 million UAH have been canceled or haven’t taken place. (Ukrainian metal)