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…
In May Ukrainian metal companies received 280 thousand tons of scrap, or 100% of the need. In April they received 290 thousand tons of scrap, or 95% of their need. In January-May 1.3 million tons of scrap were delivered to metal works, up by 9% YoY, and 85% of the need. In May scrap stocks…
The Verkhovna Rada has prolonged the increased export duty on scrap metal in the amount of EUR 30 per ton for another two years. The parliament supported corresponding bill No. 6382 at a meeting on June 8. Some 260 deputies voted for the bill. While presenting the bill in parliament, chairman of the Verkhovna Rada…
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%),…
Even if the scrap export duty is prolonged, Ukraine will still suffer from the raw material shortage. “There will be a shortage anyway. But there is a difference: 200 thousand tons of shortage at 30 euro per ton duty and 800 thousand tons of shortage if the duty is not prolonged”, Ukrmetallurgprom president Alexander Kalenkov…
Metal products exports with the duty of 30 euro per ton bring to the state budget 5 times more than the scrap export of the same volume. “According to our calculations, 1 ton of scrap, processed into metal at the duty of 10 euro, gave 10 times more to the budget than 1 ton of…
Metinvest-Resource, a scrap supplier of Metinvest companies, Interpipe Nizhnedneprovsk Pipe Works and ArcelorMittal Kriviy Rih have won tenders, organized by Ukrzaliznytsia to sell 84.5 thousand tons of scrap. AMKR won 38 thousand tons of scrap, having offered 193 million UAH (5080 UAH per ton). Metinvest-Resource bought 24 thousands tons of scrap for 114.72 million UAH…
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…