Ukraine: scrap procurement down in Q1 2016
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.
Ukraine: ferrous scrap prices up
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.
Ukraine: Metallurgprom scrap hearing postponed
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.
Ukraine: metal results for Q1 2016
In May Ukraine will produce 2.2 million tons of steel, 2.1 million tons of pig iron and 1.9 million tons of rolled metal, according to Metallurgprom. For April its figures were as follows: steel – 2.1 million tons, pig iron – 2 million tons, rolled metal – 1.8 million tons.
Ukraine: police investigating mass scrap exports
The police have started investigating the decision of the Ministry of economical development and trade to register scrap export operations.
Metals of Ukraine & Russia: scrap (grade 3a), February 2016
Month Russian market, $/t, EXW, without VAT, $1/RUR75.0903* min max January 53 111 February 53 118 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 29.02.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Ukraine: scrap export-import in Q1 2016
In January-March Ukraine exported 11.54 thousand tons of ferrous scrap valued at $2.46 thousand, down by 95.7% and 96.4% YoY respectively.
Ukraine: whole works cut for scrap
A lot of works in Ukraine are being cut for scrap metal, as it can be profitably sold to foreigners.