Ukraine: UAH devaluation to affect scrap procurement
The state enterprise Ukrpromvneshexpertisa believes the UAH devaluation will have a negative effect on the local ferrous metals procurement.
The state enterprise Ukrpromvneshexpertisa believes the UAH devaluation will have a negative effect on the local ferrous metals procurement.
The State Security Service has stopped a railroad car with scrap metal heading to the occupied territory via Konstaninovka station.
Ukrzaliznytsia (Ukrainian railways) plans to export scrap metal and asks the Ministry of infrastructure to help.
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)