Ukraine: metal makers short of scrap

Ukrainian metal companies underreceived 420 thousand tons of scrap. “Scrap procurement worsened in 2016. Even if there is no scrap export this year, we will still be short of it”, Alexander Kalenkov, Ukrmetallurgprom president, reported. Earlier the company predicted the liquid steel output in 2016 on the level of 28-29 million tons. “But only if…

Metals of Ukraine & Russia: scrap (grade 3a), July 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR67.05*

min

max

June

60

186

July

60

158

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap market to get out of the shade

Ukrmetallurgprom and Vtormet have initiated changes to legislation to lead the scrap market out of the shade. “We have just signed the letter to the prime-minister Vladimir Groysman on legislation initiatives. They will make the scrap market more clear”, the Ukrmetallurgprom president Alexander Kalenkov said. In particular, the changes propose the cancellation of VAT in…

Ukraine: ferrous scrap imports in July 2016

In July Ukraine imported $0.44 million worth of ferrous scrap. At the same time, no scrap was exported. According to the State Fiscal Service, the major supplier of scrap in July was Turkey ($0.26 million). In January-July Ukraine exported $40.99 million worth of ferrous scrap, while imports stood at $4.12 million. In June ferrous scrap…

Metals of Ukraine & Russia: scrap (grade 2A), June 2016

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH24.854*

min

max

May

197

211

June

149

153

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: new scrap procuring association created

Companies dealing with ferrous and non-ferrous scrap, as well as other secondary materials have created the Ukrainian association of secondary metals and resources (UAVtormetresurs). According to Euro-Metal Invest deputy CEO Valeri Katunin, the company was registered on July 18. It will be a non-profitable organization. It will deal with protecting interests of its members; cooperate…

Metals of Ukraine & Russia: scrap (grade 3a), June 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR64.2575*

min

max

May

62

199

June

62

195

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap prices at their lowest

In June Ukrainian companies received 299 thousand tons of scrap, up by 5% MoM, or by 13 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, the increase was the result of the traders quickly selling their stocks in fear of the further drop in local market purchasing quotations. In June local metal companies decreased their…

Ukraine: VR increases scrap export duty

The Verkhovnaya Rada of Ukraine has increased the export duty on the ferrous metals scrap from 10 euro per ton to 30 euro for 1 year and cancelled the registration of import contracts. 248 people’s deputies supported the new version of the decree, which blocked the previous one on the 3-years term. “This is the…

Metals of Ukraine & Russia: scrap (grade 3a), May 2016

Month

Russian market, $/t, FCA, without VAT, $1/RUR66.0825*

min

max

April

60

161

May

61

194

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap export-import in H1 2016

In January-June Ukraine exported 233.37 thousand tons of scrap worth $40.99 million, down by 68.4% and 77.5% YoY respectively. According to the customs statistics, provided by the State Fiscal Service, in June scrap exports totaled 26.78 thousand tons, with 112.57 thousand tons in May and 82.47 thousand tons in April, while in Q1 exports were…

Metals of Ukraine & Russia: scrap (grade 2a), May 2016

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH25.166*

min

max

April

168

175

May

195

208

* – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.05.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap prices to fall

The state enterprise “Ukrpromvneshexpertiza” believes scrap prices to fall in the summer period. Local prices will be on the level of 3300-4100 UAH per ton till mid-July, and 3300-3800 UAH per ton till mid-August. HMS 1&2 CIF Turkey will cost $210-250 per ton. In May – early June scrap price dropped from $325 per ton…

Ukraine: metal works get 20% less scrap

In May Ukraine received 301 thousand tons of scrap while it needed 375 thousand tons. “Scrap deficiency went up 2 times YoY from the year start”, said Interpipe finance director Denis Morozov. The company explains increase of the scrap deficiency in May with the activization of exports. Despite the court decree 113 thousand tons of…