A draft decree No. 5175 to prolong the ferrous scrap export duty in the amount of 58 euro per ton for 5 years has been registered in the Verkhovna Rada. The accompanying note says that the positive effect of the duty has been noticed since its implementation in 2016. In particular, while in 2015 scrap…
Most of the auctions of Ukrzaliznytsia to sell scrap scheduled for February 23 have not taken place. In particular, 11 lots with the combined amount of 550 million UAH have been canceled. Only one auction was not canceled – 3.8 thousand tons with the expected cost of 19.296 million UAH. (Ukrainian metal)
The Ukrzaliznytsia’s metal scrap auctions scheduled for February 23 are under threat through the fault of the company itself. According to a source, the company has placed lots with initial price a third higher than the market price. “This means, there would be no buyers, they will simply not accept such conditions,” the source said.…
Ukrainian metal companies support the prolongation of the current export duty on scrap in the amount of 58 euro per ton. “The export duty has brought a lot to the budget. Payments to the budget from the processed scarp exceeded export payments 8.5-fold. In September, the duty expires. We ask the government to keep the…
In January, scrap companies increased deliveries by 53.7% YoY, to 283.7 thousand tons. Metal companies were provided with ferrous scrap on the level of 142.6%. As of February 1, scrap stocks totaled 170-175 thousand tons. Metinvest enterprises and Dneprovsky Iron and Steel Combine received 171.5 thousand tons, up from 101.9 thousand tons in January 2020.…
In January, metal companies received 283.7 thousand tons of scrap, up by 53.7% YoY. Metinvest enterprises and Dneprovsky Iron and Steel Combine were the largest customers – 171.5 thousand tons, up by 82.8%. Interpipe Steel received 44.6 thousand tons (+2.4%) and ArcelorMittal Kriviy Rih – 58.1 thousand tons (+77.1%). As of late January, scrap stocks…
On January 18, Ukrzaliznytsia held an online auction at Prozorro.Sales with 12 lots of scrap. The company was able to sell 6 lots. Customers bought 8.9 thousands tons of scrap valued at 75.3 million UAH. The initial price of 6 lots was 50.4 million UAH. Thus during the auction the price rose by 49.7%. The…
In December 2020, scrap deliveries to metal companies grew by 33.1% YoY, to 288.6 thousand tons. At the same time, in 12 months they dropped by 3.9%, to 2.9 million tons. The largest scrap recipients were Metinvest enterprises and Dneprovsky Iron and Steel Combine – 175 thousand tons, up by 37.9%, Interpipe Steel – 52…
