The police have started investigating the decision of the Ministry of economical development and trade to register scrap export operations.
In January-March Ukraine exported 11.54 thousand tons of ferrous scrap valued at $2.46 thousand, down by 95.7% and 96.4% YoY respectively.
A lot of works in Ukraine are being cut for scrap metal, as it can be profitably sold to foreigners.
The Verkhovnaya Rada of Ukraine has passed a decree on the increase of ferrous scrap export duty from 10 euro to 35 euro per ton for three years.
The Verkhovnaya Rada tax and customs policy commission has voted for the acceptance of the decree that imposes 0% duty on imported metal scrap.
The industrial policy and entrepreneurship commission of the Verkhovnaya Rada has supported the decree on the metal scrap export duty increase.
The Ministry of economical development and trade has allowed exporting 143.8 thousand tons of metal scrap.
The Ministry of economical development and trade will be giving ferrous scrap export quotas.
The Cabinet of Ministers has simplified the registration of the ferrous metals scrap export contracts.
In January-February Ukraine exported 9.99 thousand tons of ferrous metals scrap, down by 92.7% YoY.
Ukrainian Metallurgists Federation and Metal and Miner Union have addressed the President Petro Poroshenko asking him to prevent implementation of the new railroad transportation tariffs and review the balance of scrap procurement and local consumption for 2016.
In February scrap procurement totaled 181 thousand tons, with local market shortage at 53 thousand tons, or 23% of the needs (234 thousand tons).
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.