Almost all Ukrainian iron and steel works are suffering from scrap shortage. According to Derzhzovnishinform, in April they received 150 thousand tons of scrap, or 97% of the needs. Stocks haven’t changed much and total 35 thousand tons. In early May scrap prices were on the level of $269-271 per ton FOB. Last year scrap…
Month Russian market, $/t, FCA, without VAT, $1/RUR67.6076* min max February 59 131 March 59 141 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH26.218056* min max February 117 122 March 125 132 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.03.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The Verkhovna Rada on April 21 passed at second reading bill No. 3868 amending some Ukrainian laws on reducing the shortage of scrap ferrous metal on the domestic market. The document aims at providing for the needs of defense industry and restoration of infrastructure. The document increases export duties for scrap ferrous metals temporarily for…
The European Union (EU) considers that the increase of duties on the exports of metal scrap from Ukraine would represent a restrictive trade measure, the delegation of the EU to Ukraine has said. The EU has taken note with disappointment on the proposed amendments to Article 13 of the Law of Ukraine “On external economic…
Head of the Verkhovnaya Rada Committee on industrial policy and entrepreneurship Victor Galasyuk has asked the President of Ukraine Petro Poroshenko to sign the decree #3868. The decree provides for the tri-fold increase of scrap exports duty to eliminate the critical shortage of this raw material. “This decree will make Ukrainian metal companies constantly receive…
A special regime to control the origin of scrap metal sent for exports should be introduced in Ukraine for the period of the Anti-Terrorist Operation (ATO), MP Serhiy Taruta has told reporters.
Interpipe says in January-March ferrous scrap deficiency on Ukrainian market was on the level of 176 thousand tons.