Ukraine: zero duty not affecting scrap imports

The state enterprise Ukrpromvneshexpertisa says the zero duty on scrap imports will not greatly affect imports. “There is no country that could supply scrap to us at favorable conditions. The decree weakly affects imports. We didn’t import scrap not because of the duty, but because there was nowhere to import it from”, UPE deputy director…

Ukraine: UPE sees scrap stocks up in November 2016

The state enterprise Ukrpromvneshexpertisa forecasts that in November scrap stocks of metal companies will increase by 18.75-25% MoM, or by 30-40 thousand tons, to 190-200 thousand tons. “In October the stocks were on the level of 160 thousand tons. I believe, they will grow, because the steel smelting decrease and scrap supply growth are expected.…

Ukraine: UPE expects scrap price to increase

The state enterprise Ukrpromvneshexpertisa forecasts that in November the average ferrous scrap price will increase by 14% MoM, or by 700 UAH per ton, to 5700 UAH per ton. “The price situation is very interesting. The metal makers have been hiding prices from each other. And worked separately with each trader. In fact, the price…

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

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH25.897*

min

max

August

153

157

September

153

157

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: Poroshenko cancels scrap import duties

The president of Ukraine Petro Poroshenko has signed the decree on 5% scrap import duty cancellation that introduces amendments to the customs tariffs. The decree is supposed to decrease ferrous scrap shortage on the local market and provide for infrastructure objects restoration. This is the second part of the metal market supporting package – the…

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

Month

Russian market, $/t, FCA, without VAT, $1/RUR63.16*

min

max

August

63

174

September

63

188

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap procurement to fall

“In the next 5 years scrap procurement in Ukraine will be falling”, Denis Morozov, Interpipe economy and finances director, believes. The previous forecast on scrap procurement in 2016 on the level of 2.8-2.9 million tons would probably be proven, he thinks. In 2017 Morozov expects scrap procurement to fall by 100 thousand tons, to 2.7…

Ukraine: ferrous scrap export-import in September 2016

In September Ukraine imported $0.87 million worth of ferrous scrap, with no exports.

According to the State Fiscal Service, the main supplier of ferrous scrap in September was Turkey ($0.84 million).

In January-September Ukraine exported $40.99 million worth of scrap, while imports totaled $5.77 million. (Ukrainian metal)

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

Month

Russian market, $/t, FCA, without VAT, $1/RUR64.91*

min

max

July

62

163

August

62

169

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

Ukraine: scrap 5% duty cancelled

The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…

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

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH25.489*

min

max

July

135

140

August

155

159

* – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)

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

Month

Ukrainian market, $/t, without VAT, FCA, $1/UAH24.798*

min

max

June

149

154

July

139

144

* – Ukrainian Hrivna and Russian Ruble 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 should export metal not scrap

Metal products exports are more profitable than scrap exports. “According to our calculations, a country receives more from 1 ton of scrap turned into metal and exported than from the sale of 1 ton of scrap”, said Ukrmetallurgprom president Alexander Kalenkov. Mining-metallurgical complex is one of the main revenue-gatherers for Ukraine. “Scrap market is very…

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…