Ukraine: scrap duty decree cannot be vetoed

The decree on the prolongation of the ferrous scrap export duty on 30 euro per ton for 2 years cannot be vetoed by the president of Ukraine, the member of the parliament, the chairman of the parliament committee on industrial policy and entrepreneurship Victor Galasyuk believes. “The term to sign or veto the decree given…

Ukraine: scrap export duty bill vetoed

The president of Ukraine Petr Poroshenko has vetoed the bill No. 6382 “On changes to the Decree of Ukraine “On changes to some decrees of Ukraine as to the decrease of the ferrous metals scrap deficiency on the local market”. The bill has been returned with the president’s marks. Earlier the Verkhovnaya Rada decided to…

Ukraine: Groysman backs scrap export duties

The government of Ukraine will ask the president to sign the decree on the extension of the scrap export duties of 30 euro per ton, the Prime Minister Vladimir Groysman said in London. “Under the military aggression Ukraine needs metal to provide for its own defense”, he said. In September 2016 the president Petr Poroshenko…

Ukraine: Turkey not accepting Crimean scrap

Turkish ports refuse to accept ships with scrap coming from Crimea. “As to the scrap bound for Turkey, we see that the country does not accept the ships. Ship owners ask us not to fine them”, the acting director of the Crimean seaports “state enterprise” Yuri Chernenko declared. In late October last year Turkey resumed…

Ukraine: scrap traders can export even at current duties

The scrap export limitation is the necessary means of regulation on behalf of the government. According to the state enterprise Ukrpromvneshexpertisa director Vladimir Vlasyuk, it is necessary to limit export of scrap, but not to completely prohibit it. “I understand the discussions between scrap procurers and consumers. But the current duty still allows traders to…

Ukraine: scrap procurement to drop

This year scrap procurement will be lower than last year. “In 2016 Ukraine procured 3.471 million tons of scrap. It’s difficult to forecast anything for this year, but we believe that procurement will decrease”, Ukrmetallurgprom president Alexander Kalenkov said. Last year local market received 3.192 million tons of Ukrainian scrap. In January-May 2017 scrap deliveries…

Ukraine: local market scrap sales attractive

Attractiveness of scrap sales on the local market of Ukraine has increased. According to the acting CEO of Metinvest-Resource Dmitry Klopatovsky, this has to do with the implementation of the 30 euro per ton export duty and its proposed prolongation for two years. “And now metal makers pay more for scrap than abroad”, he stressed.…

Ukraine: metal companies and scrap sellers to cooperate

Ukrmetallurgprom and UAVtormet have signed a memorandum of understanding and cooperation. The document was signed by Ukrmetallurgprom president Alexander Kalenkov and UAVtormet chairman Vladimir Bubley. “We and the scrap procurers have a lot of common issues that need to be solved”, Kalenkov said. According to him, the sides have a positive experience of cooperation. “Last…

Ukraine: Ukrzaliznytsia sells 18.6 tons of non-ferrous scrap

Ukrzaliznytsia has held an auction to sell non-ferrous scrap.

Steelservice LLC offered 1.8 million UAH for 18.6 tons of copper scrap, or 96.1 thousand tons per ton. The price exceeded the estimated cost 7-fold.

The initial price was 14.5 thousand tons per ton, or 96.1 thousand tons for the whole lot. (Ukrainian metal)

Russia: ferrous scrap exports up in April 2017

In April ferrous scrap exports totaled 434 thousand tons, up by 26.8% MoM, but down by 36% YoY. According to the customs statistics, in January-April exports reached 1.21 million tons, down by 29.4% YoY, the lowest result for the past 7 years. The main importers were Turkey (34.3%), Belarus (30%) and South Korea (22%). (Ukrainian…

Ukraine: scrap export-import in January-May 2017

In January-May Ukraine exported 101.86 thousand tons of ferrous scrap, down by 50.7% YoY, valued at $21.586 million, down by 40.5%. According to the State Fiscal Service, scrap imports increased by 18.2%, to 11.954 thousand tons valued at $10.248 million, up 3.6-fold. The main suppliers of scrap were Turkey (84.25%), Moldova (7.9%) and Russia (4.18%),…

Ukraine: scrap deliveries to fall in June 2017

The state enterprise Ukrpromvneshexpertisa forecasts that in June ferrous scrap deliveries to metal companies will decrease by 13.53% MoM, or by 36 thousand tons, to 230 thousand tons. “In April 266 thousand tons of scrap were delivered to the works. I believe both traders and procurers tried to sell as much scrap as possible, as…

Ukraine to inform WTO on scrap duty prolongation

Ukraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…