Ukraine: scrap metal bill submitted to Rada

The Cabinet of Ministers has registered a draft bill “On amendments to Article 2 of the law “On scrap metal”” in the Verkhovna Rada. The bill has been registered under the number 9484. The document aims to regulate legislative aspects of procuring and trading in scrap, as well as to remove the norms on conforming…

Ukraine: scrap procurement to grow in 2024

The Ukrainian Association of Secondary Metals (UAVtormet) forecasts the increase of ferrous scrap procurement next year by 20% YoY, to 1.2 million tons. At the same time, expert Sergiy Kovalevskiy believes, that this year scrap procurement will be on the level of 1 million tons, of which 850 thousand tons will be used by Ukrainian…

Ukraine: scrap export up in January-May 2023

In January-May, Ukraine exported 77.5 thousand tons of scrap, up 3-fold YoY. According to UAVtormet, imports remained at a very low level – 0.03 thousand tons (0.1 thousand tons last year). Scrap procurement decreased by 21.7%, to 444.3 thousand tons. Domestic scrap deliveries to metal plants dropped by 44.3%, to 345.7 thousand tons. (Ukrainian metal)

Ukraine: scrap procurement down in Q1 2023

In January-March, Ukraine decreased scrap procurement by 60% YoY, to 222.6 thousand tons. Domestic deliveries of scrap to metal plants dropped by 60.8%, to 207.7 thousand tons. Exports grew 5.7-fold, to 40.3 thousand tons, while imports fell from 0.1 thousand tons to 0.05 thousand tons. Scrap stocks decreased to the December 2022 level of 10-15…