Ukraine: scrap deals to be free from VAT

Ukrmetallurgprom and the Ukrainian association of secondary metals UAVtormet have addressed the Verkhovna Rada asking it to free the scrap metal operations from VAT. “This will make it impossible to some companies to carry out operations, which allow them to get the VAT reimbursed from the state budget”, the letter said. According to the letter,…

Ukraine: scrap procurement falling

In 2018 Ukraine witnesses the falling of ferrous scrap procuring. In 5 months procurement totaled 1.51 million tons. “Since early March ArcelorMittal Kirviy Rih has been excluded from scarp procurement list. That’s some 30-40 thousand tons per month”, the UAVtormet association president and Keramet CEO Vladimir Bubley said. According to him, scrap procurement has also…

Russia: ferrous scrap exports to Belarus down in May 2018

In May Russia exported 98.6 thousand tons of ferrous scrap to Belarus via railroad, down by 16.5% both MoM and YoY.

In April the results were +4.6% and -16%, and in March +27.8% and +26.4% respectively.

In January-May Russia exported 498.5 thousand tons of scrap to Belarus, down by 4.4% YoY. (Ukrainian metal)

Ukraine: scrap exports up in January-May 2018

In January-May Ukraine exported 251 thousand tons of scrap, up 2.5-fold YoY, valued at $83.5 million, up 3.9-fold. According to the State Fiscal Service, in May 34.54 thousand tons of scrap were exported, in April – 76.331 thousand tons, in March – 53.67 thousand tons, in February – 52.63 thousand tons and in January- 33.814…

Ukraine: budgetary efficiency from bill on scrap metal export duty estimated at $38.3 million per year

Head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk says the budgetary efficiency from the bill, which established a duty on scrap metal exports from Ukraine, is estimated at UAH 1 billion ($38.3 million) per year. “Raw materials must remain within the country. They must be processed into finished products to create…

Russia: ferrous scrap imports from Kazakhstan up in Q1 2018

In March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY.

In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively.

In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)

Ukraine: scrap deliveries to metal companies to drop

The state enterprise Ukrpromvneshexpertisa says in June deliveries of scrap to metal companies will decrease by 16.67% MoM, or by 50 thousand tons, to 250 thousand tons. “I believe in June deliveries will decrease somewhat, as the price drop starts affecting scrap procurement. Thus, deliveries to metal companies will also decrease. Another factor is the…

Ukraine: scrap export duty increased

The Verkhovna Rada has adopted the decree on increasing scrap export duty to 42 euro per ton for 1 year. 248 members of the parliament voted in favor of the decree with the minimum required number of 226. The decree was registered on April 4. But it suggested prolonging the current scrap duty (with the…

Ukraine: situation with scrap supplies worsening

According to Victor Galasyuk, the chairman of the Verkhovna Rada committee on industrial policy, the situation with the provision of domestic metal companies with scrap is worsening, and immediate reaction of authorities is required. He reminded that in order to provide the stable operation of Ukrainian metal industry the Verkhovna Rada had increased the scrap…