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…
Scrap export duties have to be restrictive. According to Interpipe-Vtormet director Valentin Makarenko, the company has to limit output because of the lack of scrap, which is its main raw material. “We cannot load all the capacities now, as we don’t have enough scrap. So we believe that only Ukrainian metal companies should use Ukrainian…
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)
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…
