Ukraine: metal makers asking for 50 euro scrap duty
Metallurgprom believes ferrous metals export duty on the level of 50 euro per ton will bring 45 million euro (or over 1 billion UAH) to the state budget.
Metallurgprom believes ferrous metals export duty on the level of 50 euro per ton will bring 45 million euro (or over 1 billion UAH) to the state budget.
The state enterprise Ukrpromvneshexpertiza says ferrous scrap exports in 2016 will reach 1-1.1 million tons, if the quotations are cancelled and duties increase.
The state enterprise Ukrpromvneshexpertiza says in 2016 ferrous scrap procurement will fall by 9.76% YoY, or by 0.4 million tons, to 3.7 million tons.
Ukrtrubprom CEO Leonid Ksaverchuk says Ministry of economic development and trade has been taking decisions reflecting scrap business interests.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH23.885* min max October 118 120 November 118 138 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.11.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The self-proclaimed republics cut bridges, rails and works for scrap.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH22.904* min max September 154 157 October 131 133 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In 2016 scrap procurement in Ukraine is expected on the level of 2015.