In January Ukraine exported 3.14 thousand tons of scrap, down 10.8-fold YoY. According to the State Fiscal Service, the value of the scrap exported dropped 10.6-fold, to $936 thousand. In December 2018 Ukraine exported 7.488 thousand tons of scrap. The main customers were Turkey (75.61%), the Netherlands (16.9%) and Germany (3.74%). (Ukrainian metal)
The state enterprise Ukrpromvneshexpertisa forecasts that in February ferrous scrap metal prices on the local market will drop by 3.4-16%, to 5.7-7.9 thousand UAH per ton. Until mid-February some drastic change of price is not expected, as rolled metal manufacturers will only begin testing opportunities to raise prices for their products. In March the increase…
In 2018 Ukraine procured 3.67 million tons of scrap, down by 2% YoY. Of this amount local companies received 3.34 million tons, up by 3%. 0.33 million tons were exported, down by 33%. In December 2018, 317 thousand tons of scrap were procured, up by 1% MoM, with 309 thousand tons supplied to local metal…
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…
