In June, according to the customs statistics, Russia exported 3.9 thousand tons of corrosion-resistant steel scrap and waste valued at $3.2 million, down by 22.8% MoM and by 44.5% YoY. Earnings decreased by 31.4% MoM and by 54.7% YoY. In January-June Russia exported 38.5 thousand tons of scrap valued at $37 million, up by 5.6%…
In January-July Ukraine exported 188.039 thousand tons of ferrous scrap, down by 19.4% YoY, valued at $40.627 million, down by 0.9%. At the same time scrap imports increased by 0.2%, to 15.031 thousand tons, valued at $13.96 million, up 3.4-fold. The main suppliers of scrap were Turkey (87.44%), Moldova (5.8%) and Russia (3.07%), with Turkey…
In January-July the St. Petersburg subsidiary of the First Cargo Company transported 171.3 thousand tons of scrap, up 1.5-fold YoY. The company throughput in the segment increased by 60%, to 97.8 million ton-km. “The increase of scrap transportation via Oktyabrskaya railroad has to do with the high demand for scrap on behalf of Severstal and…
In July the scrap redemption centers increased prices to the highest level in the last 3 years on the background of the world metal prices growth. The most popular metal – 4 mm thick sheet – in just a month increased in price by 26%, to 170 euro per ton, while sheet with the thickness…
The decision of the state company Ukrzaliznytsia to introduce free price of cargo wagons makes Ukrainian scrap-procuring companies nervous. The ability to set prices for wagons will result in the increase of their price and the growth of expenses of all market participants, the UAVtormet association letter to the minister of economic development and trade…
The prolongation of the 30 euro per ton export duty on scrap for 1 year is good for economy. According to the president of Ukrmetallurgprom Alexander Kalenkov, 1 ton of scrap processed into metal yields 5-6 times more to the budget than that ton exported. “Each ton of scrap not exported but turned into metal…
Ukraine should try not to take measures, which contradict the World Trade Organization principles and the DCFTA, for example, the imposing of export duties on metal scrap. “The EU doesn’t see the prolongation of the additional export duty on scrap as positive. This is a fundamental issue”, the chairman of Ukraine support group in the…
The president of Ukraine Petr Poroshenko has signed the decree No. 6382 to prolong for a year the export duty on ferrous scrap in the amount of 30 euro per ton, earlier adopted by the Verkhovnaya Rada. According to the VR committee on industrial policy chairman Victor Galasyuk, thus an additional margin of safety was…
