President Petro Poroshenko has signed a decree to increase the scrap export duty to 42 euros per ton and prolong it for a year, until September 2019. On May 17 the Verkhovna Rada adopted the decree No. 8226 “On amendments to some decrees of Ukraine on the decrease of ferrous scrap on domestic market”. In…
In May 368 thousand tons of scrap were procured in Ukraine, up by 14% MoM. Of this 333 thousand tons were imported, up by 35% MoM. Scrap exports dropped to the 46% of the April volume, to 35 thousand tons. In January-May scrap procurement grew by 10%, to 1.561 million tons, with 1.31 million tons…
Scrap procuring companies of Ukraine hope that the creation of the free trade zone with Turkey will decrease the export duty on scrap. At present the Agreement on the Association of Ukraine and EU presupposes the zeroing of the export rate on scrap by 2024. In 2018 the duty dropped from 9.5 euros per ton…
Interpipe is pondering the creation of the database of unscrupulous scrap procuring enterprises in order not to cooperate with them in future. “The scrap shortage is an important factor for us, but on the other hand we are now more concerned with the quality of the raw materials we receive. We want to create the…
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,…
The Cabinet of Ministers has adopted a new decree on scrap procurement. Uzvtortsvetmet was ordered in two months to organize in all cities and district centers special points of acceptance of scrap from individuals. All the equipment containing ferrous and non-ferrous metals from January 1, 2019 will have to be submitted to Uzmetcombinat and Uzvtortsevtmet…
Ukrainian scrap procurers and metal companies ask the members of the Verkhovna Rada to pass the decree on de-shadowing of the scrap market. The draft decree presupposes making amendments to the current laws of scrap metal, accounting and to the Criminal Code. The decree cancels the division of the scrap into household and industrial and…
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…
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)
The increase of the export duty for ferrous scrap from 30 euros per ton to 42 euros will not directly affect Ukrainian obligations under the Association agreement with EU. According to the vice-prime minister on European and Euroatlantic integration Ivanna Klympush-Tsintsadze, exporters of scrap to EU paid the duty of 7.5 euros per ton and…
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…
Russia will stop exporting ferrous metals scrap from its three major ports on the Far East from July 21 for 6 month. According to Torex, the owner of Amurmetal, this will affect the trade of Russian companies with South Korean works in the ports of Vladivostok, Nakhodka and Slavyanka amounting to 1 million tons per…
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…
In March Russia exported 9.9 thousand tons of corrosion-resistant steel scrap and wastes, up by 49.8% MoM and by 8.7% YoY. According to the customs statistics, revenue totaled $11 million, up by 77.2% MoM and by 20.1% YoY. In January-March Russia exported 21.9 thousand tons of this scrap, down by 2.3% YoY, valued at $23…
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)
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…
In January-April Ukraine exported 216 thousand tons of scrap, or 354% as compared to the same period of the previous year. In 4 months Ukraine procured 1.16 million tons of scrap, up by 10%. 944 thousand tons were supplied to the metal companies, down by 5%. The level of provision of metal companies with scrap…
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…
In March Russia exported 415.8 thousand tons of ferrous scrap, up by 9.5% MoM and by 19% YoY. In February the results were +10.7% and +88.6%, while in January -45.6% and +38.7% respectively. In January-March exports reached 1.14 million tons, up by 43% YoY, and the highest result in 10 years. Turkey imported 45% of…
If the Verkhovna Rada does not extend the scrap export duty and does not increase it to 42 euro per ton, it will have a catastrophic impact on the economy. According to the Ukrmetallurgprom chairman Alexander Kalenkov, in Q1 scrap export from Ukraine grew 3.5-fold YoY, which resulted in the shortage on the market. “And…
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…
In April, according to the railroad statistics, direct deliveries of ferrous scrap to the major metal companies and pipe works totaled 1.11 million tons, up by 38.6% MoM and by 9.3% YoY. In March the results were +26.3% and –8.2%, while in February +4.6% and –23.1% respectively. In January-April scrap deliveries reached 3.16 million tons,…
In March Russia exported 113 thousand tons of ferrous scrap via railroad, up by 27.8% MoM and by 26.4% YoY. In February the results were up by 9.9% but down by 4.9%, and in January – down by 26.6% and by 0.2% respectively. In January-March Russia exported 281.8 thousand tons of scrap, up by 7.2%…
In February Russia exported 380.4 thousand tons of ferrous scrap, up by 11% MoM and by 89% YoY. In January the results were down by 45.6%, but up by 38.7% respectively. According to the customs statistics, in January-February Russia exported 723.3 thousand tons of scrap, up by 61.2% YoY, and the highest result in the…
In March, according to the railroad statistics, direct supplies of ferrous scrap to MMK totaled 64 thousand tons, down by 8.6% MoM and by 43.7% YoY. In February the results were up by 4.3%, but down by 39%, while in January – down by 72% and by 36% respectively. In January-March the company received 192.1…
In March scrap procurers obtained 284 thousand tons of scrap, up by 2% MoM. According to Ukrmetallurgprom, of this Ukrainian metal companies received 230 thousand tons, up by 2% MoM, and 54 thousand tons were exported, up by 2%. The scrap need was only 82% covered as opposed to 93% in February. In Q1 scrap…