The Verkhovna Rada committee on industrial policy has unanimously supported the draft bill No. 9474, which presupposes the increase of the scrap export duty from 42 euro to 58 euro per ton for 3 years. According to the committee chairman Victor Galasyuk, the new “metal law” will liquidate the raw material shortage for the metal…
Steel scrap exports in January-November 2018 increased by 9% YoY, to 5.2 million tons. According to the customs statistics, deliveries to Turkey grew by 11.2%, to 2.288 million tons, and to Belarus – by 2%, to 1.222 million tons. At the same time sales to South Korea dropped by 8.9%, to 832 thousand tons. (Ukrainian…
In 2018 Ukraine decreased scrap exports by 33% YoY, to 327.547 thousand tons, valued at $105.646 million, down by 13.3%. According to the State Fiscal Service, in December 2018 Ukraine exported 7.488 thousand tons of scrap, in November – 3.863 thousand tons, in October – 8.274 thousand tons, in September – 7.59 thousand tons, in…
Ukrzaliznytsia (Ukrainian Railways) has started selling scrap via ProZorro.Sales system. 4 lots with the initial price of 260 million UAH have already been registered. The auction is scheduled for January 11, 2019. (Ukrainian metal)
The Cabinet of Ministers has prolonged the exemption of the scrap trade from VAT. The government has prolonged the effect of its decree No. 15 dated January 12, 2011. Thus, all trade operations with scrap and waste of ferrous and non-ferrous metals are exempt from VAT till January 1, 2022. It is expected to improve…
The Novosibirsk subsidiary of the First Cargo Company in November increased ferrous metals scrap deliveries to 41.3 thousand tons (680 cars). Throughput grew 1.5-fold YoY, to 63.2 million ton-km. “The positive dynamics has to do with the growth of transportation to NLMK-Ural”, the subsidiary deputy director on transportation Sergey Korchagin said. The cargo was transported…
This year Ukrzaliznytsia intends to sell metal scrap valued at 300 million UAH. According to the enterprise CFO Andrei Ryazantsev, Ukrzaliznytsia now stores some 2 billion UAH worth of scrap. “This is not only cars, but also various assets, like rails”, he noted. The enterprise also has 16 thousand old cars for sale as scrap.…
The state enterprise Ukrpromvneshexpertisa believes that in January 2019 scrap deliveries to metal companies will decrease by 3.85% MoM, to 250 thousand tons. In February 2019 deliveries will further drop to 185 thousand tons because of the considerable fall of demand for imported raw materials and the seasonal factor. For December Ukrpromvneshexpertisa forecast scrap deliveries…