Ukraine: scrap balance still undecided
The Ministry of economic development and trade wasn’t able to come to terms with metal companies as to scrap procurement and export in 2016.
The Ministry of economic development and trade wasn’t able to come to terms with metal companies as to scrap procurement and export in 2016.
Metallurgprom and Federation of Metallurgists of Ukraine have addressed the deputies to support the decrees on increasing ferrous scrap export duty from 10 euro per ton to 35 euro for 3 years and cancel the 5% import duty.
In January scrap deficiency for local consumption totaled 105 thousand tons, or 40% of the volume needed (267 thousand tons).
In Severodonetsk law-enforcers met with entrepreneurs who procure and sell ferrous and non-ferrous metals scrap.
Month Russian market, $/t, EXW, without VAT, $1/RUR72.883* min max November 55 121 December 55 114 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.12.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In 2015 Ukraine exported 17.1 million tons of scrap metal, down by 15%, or by 3.1 million tons YoY.
In 2015 ferrous scrap procurement in Ukraine fell to 4.3 million tons, down by 1 million tons, or by 19% YoY.
Verkhovnaya Rada will review the decree of changes into some Ukrainian laws as to the decrease of ferrous scrap deficiency on the local market in order to meet defense industry demands and restore infrastructure.