Ukrpromvneshexpertisa believes ferrous metals scrap prices on the local market will fall by 18.26% YoY, or by 670 UAH, to 3 thousand UAH per ton.
In 2015 ferrous metals scarp supplies to metal companies decreased by 25%, to 3.1 million tons.
Metallurgprom believes ferrous metals export duty on the level of 50 euro per ton will bring 45 million euro (or over 1 billion UAH) to the state budget.
The state enterprise Ukrpromvneshexpertiza says ferrous scrap exports in 2016 will reach 1-1.1 million tons, if the quotations are cancelled and duties increase.
The state enterprise Ukrpromvneshexpertiza says in 2016 ferrous scrap procurement will fall by 9.76% YoY, or by 0.4 million tons, to 3.7 million tons.
Ukrtrubprom CEO Leonid Ksaverchuk says Ministry of economic development and trade has been taking decisions reflecting scrap business interests.
The self-proclaimed republics cut bridges, rails and works for scrap.
In 2016 scrap procurement in Ukraine is expected on the level of 2015.
Ferrous metals scrap is Ukraine’s main strategic raw materials of secondary resources, said 86% of the experts, surveyed under the “Strategic raw material resources for Ukraine’s development by 2020”. 64% said the scrap export limitations would promote the country raw material security.
The Prime Minister of Ukraine Arseny Yatsenyuk admits the ferrous scrap export duty can increase.
The ministry for economical development and trade has developed a new decree on metal scrap to increase transparency of business and metal companies supplies.
The Verkhovnaya Rada of Ukraine has received a decree to implement changes to Article 4 of the Ukrainian Decree “On metal scrap”.
Metallurgprom believes the optimal level for scrap export duty is 50 euro per ton.
Ukrpromvenshexpertisa state enterprise says metal companies currently stock low volumes of scrap.
The State Border Service of Ukraine has detained three Ukrainians who have been taking radioactive metal scrap from the exclusion zone.
In January-October Ukraine exported 1124.98 thousand tons of scrap, up by 41.1% YoY (from 797.48 thousand tons).
The tax reform stipulates the implementation of the income tax for the ferrous and non-ferrous metal scrap.
The state informational-analytical center Gosvneshinform says the export prices for steel scrap have decreased by 5-10%.