Ukraine: VR increases scrap export duty

The Verkhovnaya Rada of Ukraine has increased the export duty on the ferrous metals scrap from 10 euro per ton to 30 euro for 1 year and cancelled the registration of import contracts. 248 people’s deputies supported the new version of the decree, which blocked the previous one on the 3-years term. “This is the…

Russia: Rusal to supply all aluminum in long run

The largest global aluminum producer Rusal wants to supply all the metal produced to Russia in the long run, Sales Director for Russia and CIS Roman Andryushin said.

Rusal expects aluminum consumption to grow from 1.4 million tons per year at present to 2.5 million tons by 2024, the manager said. (TASS/Ukrainian metal)

Metals of Ukraine & Russia: scrap (grade 3a), May 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR66.0825*

min

max

April

60

161

May

61

194

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Zakarpatvtormet fires chairman

Supervisory board of Zakarpatvtormet has dismissed Alexander Alyaniy from the office of the chairman and general director. He also occupied the same office in Ternopolvtormet. Yuri Osipenko has been appointed instead. Osipenko used to work in Azovstal and Metinvest. Ternopolvtormet appointed Alyaniy in July 2015. Metalinvest Ltd owns 90.5459% of Ternopolvtormet and 98.0236% of Zakarpatvtormet.…