Ukraine: scrap quotas reach 143 thousand tons
The Ministry of economical development and trade has allowed exporting 143.8 thousand tons of metal scrap.
The Ministry of economical development and trade has allowed exporting 143.8 thousand tons of metal scrap.
The County Administrative Court of Kiev has stopped the decree of the Ministry of economical development and trade on metal scrap balance. The case was initiated by Metallurgprom.
The Ministry of economical development and trade will be giving ferrous scrap export quotas.
The Cabinet of Ministers has simplified the registration of the ferrous metals scrap export contracts.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.152* min max December 124 131 January 124 131 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.01.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-February Ukraine exported 9.99 thousand tons of ferrous metals scrap, down by 92.7% YoY.
Ukrainian Metallurgists Federation and Metal and Miner Union have addressed the President Petro Poroshenko asking him to prevent implementation of the new railroad transportation tariffs and review the balance of scrap procurement and local consumption for 2016.
In February scrap procurement totaled 181 thousand tons, with local market shortage at 53 thousand tons, or 23% of the needs (234 thousand tons).