Ukraine: Q1 2016 scrap deficiency at 176 thousand tons
Interpipe says in January-March ferrous scrap deficiency on Ukrainian market was on the level of 176 thousand tons.
Interpipe says in January-March ferrous scrap deficiency on Ukrainian market was on the level of 176 thousand tons.
The Verkhovnaya Rada of Ukraine has passed an act on the increase of the ferrous scrap export duty from 10 euro per ton to 30 euro for 3 years. 268 people’s deputies have supported the act.
A people’s deputy Sergey Taruta supports limitations of ferrous scrap exports from Ukraine.
Under the current price situation on the global markets, scrap export duty from Ukraine should be on the level of 50-60 euro per ton.
The Ministry of economical development and trade plans to pass to the Verkhovnaya Rada the decree on scrap market decriminalization.
Ukraine is suffering from the drastic shortage of scrap. This has already affected output and the country economy, say Zaporozhye and Mariupol mayors in their letter to the parliament.
The Parliament committee on industrial policy has suggested imposing a scrap export duty on the level of 30 euro per ton.
On April 25, the Ministry of economical development and trade plans to give out another batch of ferrous scrap export quotas.