Ukraine: scrap procurement to fall

“In the next 5 years scrap procurement in Ukraine will be falling”, Denis Morozov, Interpipe economy and finances director, believes. The previous forecast on scrap procurement in 2016 on the level of 2.8-2.9 million tons would probably be proven, he thinks. In 2017 Morozov expects scrap procurement to fall by 100 thousand tons, to 2.7…

Ukraine: ferrous scrap export-import in September 2016

In September Ukraine imported $0.87 million worth of ferrous scrap, with no exports.

According to the State Fiscal Service, the main supplier of ferrous scrap in September was Turkey ($0.84 million).

In January-September Ukraine exported $40.99 million worth of scrap, while imports totaled $5.77 million. (Ukrainian metal)

Metals of Ukraine & Russia: scrap (grade 3a), August 2016

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)

Ukraine: scrap 5% duty cancelled

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…

Metals of Ukraine & Russia: scrap (grade 2a), August 2016

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)

Metals of Ukraine & Russia: scrap (grade 2a), July 2016

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)

Ukraine should export metal not scrap

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…

Ukraine: metal makers short of scrap

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…

Metals of Ukraine & Russia: scrap (grade 3a), July 2016

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)

Ukraine: scrap market to get out of the shade

Ukrmetallurgprom and Vtormet have initiated changes to legislation to lead the scrap market out of the shade. “We have just signed the letter to the prime-minister Vladimir Groysman on legislation initiatives. They will make the scrap market more clear”, the Ukrmetallurgprom president Alexander Kalenkov said. In particular, the changes propose the cancellation of VAT in…

Ukraine: ferrous scrap imports in July 2016

In July Ukraine imported $0.44 million worth of ferrous scrap. At the same time, no scrap was exported. According to the State Fiscal Service, the major supplier of scrap in July was Turkey ($0.26 million). In January-July Ukraine exported $40.99 million worth of ferrous scrap, while imports stood at $4.12 million. In June ferrous scrap…

Metals of Ukraine & Russia: scrap (grade 2A), June 2016

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH24.854*

min

max

May

197

211

June

149

153

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: new scrap procuring association created

Companies dealing with ferrous and non-ferrous scrap, as well as other secondary materials have created the Ukrainian association of secondary metals and resources (UAVtormetresurs). According to Euro-Metal Invest deputy CEO Valeri Katunin, the company was registered on July 18. It will be a non-profitable organization. It will deal with protecting interests of its members; cooperate…