The Ukrmetalurgpom Association has suggested Ukrzaliznytsia initiate sales of large volumes of metal scrap by a separate individual decision of the Cabinet of Ministers, if the bureaucratic obstacles are not overcome. “We discussed this issue back in winter, and we were told that it would be solved within a couple of weeks. It’s April already,…
Ukrmetallurgprom is asking the Verkhovna Rada of Ukraine to take all the necessary measures to unblock scrap sales at Ukrzaliznytsia. Since February 28, when a meeting was held on the issue, Ukrzaliznystia has held no scrap auctions. Even though the enterprise chairman Yevhen Lyaschenko assured metal companies that auctions would start from the second half…
Lithuania, supported by the Czech Republic, Latvia and Estonia, has proposed that the European Union ban imports of ferrous metals, copper and aluminium waste and scrap from Russia, saying that Moscow is using the proceeds to finance its war against Ukraine. The proposal was tabled at the Environment Council’s meeting in Brussels on March 26,…
In January-February, Ukraine procured 258.7 thousand tons of ferrous metals scrap, up by 70% YoY. In February, procurement totaled 140.4 thousand tons, with 118.3 thousands tons collected in January. Domestic consumption grew by 71.4%. Metal plants received 206 thousand tons as opposed to 120.2 thousand tons last year. As of March 1, scrap stocks were…
Following the drop in prices on global markets, Ukraine should also expect the decrease in ferrous scrap prices within weeks, economist Oleksiy Kusch has said. “Global prices for scrap have been falling since late January, by $3-5 per ton every 4 days. Thus, while on February 1 the price was $422 per ton, now it…
Ukrzaliznytsia JSC is prepared to sell up to 20 thousand tons of scarp per month via the Prozorro.Sales from March, thus resuming stable scrap sales on Ukrainian market after an almost half a year break. According to the company board chairman Yevhen Lyaschenko, Ukrzaliznytsia suspended scrap sales over normative changes. “We are waiting for the…
Ukraine started increasing steel output and in January it grew almost 2-fold. But further growth is hampered not only by logistics, but also by the scrap shortage, that Ukrzaliznytsia could cover. This year, scrap procurement is expected to decrease due to the mined territories and mobilization. State monopolies, which constantly write off outdated equipment, could…
In January, Ukraine procured 118.3 thousand tons of scrap, up by 95.5% YoY. According to UAVtormet, domestic deliveries to the metal plants grew by 93.3%, to 95.5 thousand tons. Exports increased 2.7-fold, to 17.2 thousand tons. Import remained at the traditionally low level – 0.13 thousand tons in January. (Ukrainian metal)