The government of Armenia has prolonged the prohibition of exporting ferrous and non-ferrous metal scrap and waste for six months to support domestic steel manufacture and metal industry. The ban was previously extended on December 21, 2023. Armenia does not have effective iron ore deposits, so local metal plants rely on scrap procured domestically. Since…
By canceling the frozen auctions to sell scrap, Ukrzaliznytsia has damaged itself for 300 million UAH, expert Boris Kushniruk has said. “That was a very strange decision on behalf of Ukrzaliznytsia. Auctions were held, winners were announces and pledges were made. Moreover, metal companies were ready to buy this scrap despite the fact that the…
In January-April, Ukraine procured 563.4 thousand tons of metal scrap, up by 53.7% YoY. Local deliveries to metal plants grew by 52.3%, to 446 thousand tons. Exports increased by 54.9%, to 87.4 thousand tons, while imports went up 5-fold, to 0.36 thousand tons. In 2023, Ukraine increased scrap exports by 28% YoY, to 1.277 million…
The sale of scrap will allow Ukrzaliznytsia receiving additional funds and metal industry – increasing output and tax payments. Thus, the state enterprise has to resume scrap sales as soon as possible, the CEO of the Federation of Transport Employees Volodymyr Husak has said. “The issue of no scrap auctions must be solved as quick…
For 8 months, Ukrzaliznytsia and the government have been unable to decide on the scrap sales procedure. This affects both the operation of Ukrzaliznytsia and the country’s economy. “Amendments were made to an order of the Cabinet that regulated the process of Ukrzaliznytsia assets sales. And it became questionable who had to take decisions on…
The Minustry of Defence is stockpiling scrap at four sites for its further sale. Until the end of the year, the ministry could amass 200 thousand tons of scrap, deputy defence minister Yuri Jigir has said. “We have more than 15 thousand tons of ferrous scrap. Of them, 541 tons contain precious metals. Because of…
In January-March, Ukraine exported 61.261 thousand tons of ferrous scrap, up by 52.2% YoY. In monetary terms exports increased by 65.7%, to $19.431 million. According to the State Customs Service, in March exports amounted to 20.80 thousand tons, in February – 23.194 thousand tons and in January – 17.16 thousand tons. The main customer was…
Ukrzaliznytsia JSC promises to take the decision to unblock or cancel scrap metal auctions in the Prozorro.Sales system until the end of April. According to Yevhen Shramko, an Ukrzaliznytsia board member, these auctions were held before the Russian full-scale invasion. “We have already initiated analyses of the issue,” he added. Nataliya Sidoruk, GR-director of Interpipe,…
