Ukraine: 2016 scrap procurement to stick to 2015 levels
In 2016 scrap procurement in Ukraine is expected on the level of 2015.
In 2016 scrap procurement in Ukraine is expected on the level of 2015.
Ferrous metals scrap is Ukraine’s main strategic raw materials of secondary resources, said 86% of the experts, surveyed under the “Strategic raw material resources for Ukraine’s development by 2020”. 64% said the scrap export limitations would promote the country raw material security.
The Prime Minister of Ukraine Arseny Yatsenyuk admits the ferrous scrap export duty can increase.
The ministry for economical development and trade has developed a new decree on metal scrap to increase transparency of business and metal companies supplies.
The Verkhovnaya Rada of Ukraine has received a decree to implement changes to Article 4 of the Ukrainian Decree “On metal scrap”.
Month Russian market, $/t, EXW, without VAT, $1/RUR64.374* min max September 62 166 October 62 157 * – 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)
Metallurgprom believes the optimal level for scrap export duty is 50 euro per ton.
Ukrpromvenshexpertisa state enterprise says metal companies currently stock low volumes of scrap.