Month Russian market, $/t, FCA, without VAT, $1/RUR64.91* min max July 62 163 August 62 169 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.489* min max July 135 140 August 155 159 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH24.798* min max June 149 154 July 139 144 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Metal products exports are more profitable than scrap exports. “According to our calculations, a country receives more from 1 ton of scrap turned into metal and exported than from the sale of 1 ton of scrap”, said Ukrmetallurgprom president Alexander Kalenkov. Mining-metallurgical complex is one of the main revenue-gatherers for Ukraine. “Scrap market is very…
Ukrainian metal companies underreceived 420 thousand tons of scrap. “Scrap procurement worsened in 2016. Even if there is no scrap export this year, we will still be short of it”, Alexander Kalenkov, Ukrmetallurgprom president, reported. Earlier the company predicted the liquid steel output in 2016 on the level of 28-29 million tons. “But only if…
Month Russian market, $/t, FCA, without VAT, $1/RUR67.05* min max June 60 186 July 60 158 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
If Ukrzaliznytsia sells 300 thousand tons of accumulated scrap, it will get some 1.1 billion UAH. According to Ukrmetallurgprom letter to Ukrzaliznytsia, in mid-2015 Ukrainian Railways stopped selling such scrap due to unknown reasons. “As of September 2015 Ukrzaliznytsia should have stocked 83 thousand tons of scrap. We believe that in 2012-2015 it was also…