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.
The police have started investigating the decision of the Ministry of economical development and trade to register scrap export operations.
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)
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.
A lot of works in Ukraine are being cut for scrap metal, as it can be profitably sold to foreigners.
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH27.054389* min max January 115 122 February 113 118 * – 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)
The Verkhovnaya Rada of Ukraine has passed a decree on the increase of ferrous scrap export duty from 10 euro to 35 euro per ton for three years.
The Verkhovnaya Rada tax and customs policy commission has voted for the acceptance of the decree that imposes 0% duty on imported metal scrap.