Ukraine: Zaporizhstal demands scrap export duty of 60 euro
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.
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.
In January-March Ukraine procured 614 thousand tons of scrap. That’s the lowest result for the past 20 years. And the first time that the procurement can’t meet the local demand.
Ukrpromvenshexpertisa has noted the increase of ferrous scrap prices from February 20 till April 10, CIF Turkey by 50%, or by $85 per ton, to $255 per ton.
The District Administrative Court of Kiev has postponed the hearing of the Metallurgprom lawsuit against the Ministry of economical development and trade as to its decree on ferrous scrap till May 19.