In January-May Ukrainian metal companies received 1.17 million tons of scrap, down by 14% YoY. In May companies received 300 thousand tons of scrap, up by 40 thousand tons MoM, or 80% of their needs. Scrap stocks in May remained unchanged and as of June 1, totaled 80 thousand tons. In January-May scrap exports reached…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.1865* min max March 130 137 April 168 175 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-May Ukraine exported $2713.67 million worth of ferrous scrap metal, down by 25.5% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.81% of all export revenues, down from 23.53% in January-May 2015. In May Ukraine exported $641.37 million worth of scrap. At the same time Ukraine imported $268.65 million worth of…
In May Ukrainian scrap procurers exported 112.57 thousand tons of scrap, the maximum amount since July 2015 despite the decree of the District Administrative Court of Kiev that prohibited scrap exports after March 16. Because the decree was ignored, scrap export increased by 11% YoY. In April Ukraine exported 82.47 thousand tons of scrap, with…
The Ministry of economical development and trade cannot create market conditions in the sphere of ferrous scrap. “There is no competition on the scrap market today. I have been talking to association representatives for a year. What market could it be, if all the scrap in Ukraine is purchased by 2 people”, said the Verkhovnaya…
Dniepropetrovsk Administrative Court of Appeals has cancelled the decision of the previous court on the prohibition of scrap export from Dniepropetrovsk and Kherson customs of the State Fiscal Service. “We’re looking forward to the State Fiscal Service reaction”, said Ceramet. The company also hopes that the Kiev Administrative Court of Appeals makes the same decision.…
Month Russian market, $/t, FCA, without VAT, $1/RUR64.3334* min max March 62 148 April 62 165 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Scrap export duty increase is a temporarily and forced action taken with the country interests in mind, says deputy minister of economical development and trade, the trade representative of Ukraine Natalia Mikolskaya. According to her, for EU scrap exports from Ukraine are not economically important, as it consumes very little of Ukrainian scrap. “That’s more…