Metallurgprom has asked the Prime-Minister Arseny Yatsenyuk and the Ministry of economical development and trade to help in limiting ferrous scrap exports as the local market suffers from its shortage.
The ministry of economical development and trade wants to keep high scrap export levels despite the catastrophic shortages on the local market.
The Ministry of economical development and trade plans to create a list of equipment needed to conduct operations with metal scrap.
The state enterprise Ukrpromvneshexpertisa believes the UAH devaluation will have a negative effect on the local ferrous metals procurement.
The State Security Service has stopped a railroad car with scrap metal heading to the occupied territory via Konstaninovka station.
Ukrzaliznytsia (Ukrainian railways) plans to export scrap metal and asks the Ministry of infrastructure to help.
The Ministry of economic development and trade wasn’t able to come to terms with metal companies as to scrap procurement and export in 2016.
Metallurgprom and Federation of Metallurgists of Ukraine have addressed the deputies to support the decrees on increasing ferrous scrap export duty from 10 euro per ton to 35 euro for 3 years and cancel the 5% import duty.
In January scrap deficiency for local consumption totaled 105 thousand tons, or 40% of the volume needed (267 thousand tons).
In Severodonetsk law-enforcers met with entrepreneurs who procure and sell ferrous and non-ferrous metals scrap.
In 2015 Ukraine exported 17.1 million tons of scrap metal, down by 15%, or by 3.1 million tons YoY.
In 2015 ferrous scrap procurement in Ukraine fell to 4.3 million tons, down by 1 million tons, or by 19% YoY.
Verkhovnaya Rada will review the decree of changes into some Ukrainian laws as to the decrease of ferrous scrap deficiency on the local market in order to meet defense industry demands and restore infrastructure.
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.