In 2019 Ukraine decreased ferrous metal scrap exports 7.8-fold YoY, to 42.18 thousand tons, at the same time increasing exports by 17.2%, to 49.93 thousand tons. According to the State Customs Service, thus import has for the first time since 2011 exceeded export. In monetary terms export decreased 9-fold, to $11.78 million, while import –…
In late December 2019 metal companies were provided with scrap at the level of 105.2%. The necessary amount was 206 thousand tons, but the companies received 216.8 thousand tons. The largest receivers of scrap in December 2019 were Azovstal, Interpipe Steel and DMK – 53.3 thousand tons, 50.7 thousand tons and 48.6 thousand tons respectively.…
The Cabinet of Ministers has determined the volume of scrap procurement in 2020. According to the decree, the country will procure both ferrous and non-ferrous metals scrap. Belvtormet has been appointed the state customer. The order amounts to 1.3 million tons of ferrous metals scrap and 21,191 tons of non-ferrous scrap. The Ministry of Industry…
This year the scrap procurement in Ukraine is expected to fall to 3.1 million tons. According to the UAvtormet Association, in January-November 2.8 million tons of scrap were procured, down by 14.6% YoY. Scrap deliveries to metal companies dropped by 6.9%, to 2.8 million tons. Exports in 11 months fell by 87.2%, to 40.9 thousand…
The current regulations do not allow Ukrzaliznystia to efficiently operate on the scrap market. “The scrap prices change very quickly. We cannot catch up with them with the current regulations”, the company director on legal issues and property policy Arthur Reznik declared. “According to our calculations, it takes us 3.5 months to start the selling…
The Verkhovna Rada committee on economical development has approved of a draft bill No. 2426 on amendments to some bills on de-shadowing of metal raw materials market and operations with metal scrap. At present some 80% of the scrap market are in the shadow. “With this bill we create the opportunity to bring some 16…
The Federal Antimonopoly Service has suggested selling all the scrap of state companies via exchanges. Since state companies are not always involved in procurement, the Service suggests purchasing services to process and sell scrap at auctions organized by commodity exchanges. The Service also plans to create a single electronic system on scrap. This is not…
Lithuanian and German law enforcement detained 30 suspects in operation targeting illicit traders in precious metals, with over 1 million euros seized in cash. “Coordinated measures have been taken in Germany and Lithuania, officers have seized 1.03 million euros in cash,” Darius Valkavičius, a chief prosecutor at the regional prosecutor’s office in Kaunas, Lithuania’s second-largest…
