Free interpretation of customs tariffs on behalf of some customs units hinders exports of Ukrainian scrap metal to the countries of the European Union. “According to the Association agreement with the EU, the customs duty is EUR 3 per ton, but a special EUR.1 certificate is required, which confirms Ukrainian origin. Issue of certificate is…
Unblocking seaports for metal and mining products would allow increasing scrap procurement in Ukraine. “If we forecast steel output on the level of 6 million tons, the procurement would amount to 900-950 thousand tons. Our main customer is the domestic market. Intrepipe and Kametstal have suspended scrap purchases. So this procurement forecast is quite realistic.…
In 2022, Ukraine decreased export of ferrous metals scrap 11.5-fold YoY, to 53.557 thousand tons. According to the State Customs Statistics, revenue dropped 12.4-fold, to $19.271 million. Imports fell 12.6-fold, to 1.824 thousand tons valued at $3.488 million, down 12.9-fold. The main suppliers were Turkey (78.92% in monetary terms), Russia (13.25%) and Cyprus (5.08%), while…
In 2022, scrap procurement in Ukraine dropped by 75.9% YoY, to 996.7 thousand tons. 895.7 thousand tons were delivered to iron and steel works. This is only 27% of what was delivered in 2021. Scrap stocks amount to 10-15 thousand tons. Scrap exports in 2022 decreased to 53.6 thousand tons from 615.7 thousand tons in…
In January-November, Ukraine exported 41.98 thousand tons of scrap, down 13-fold YoY. In monetary terms exports have decreased 13.4-fold, to $15.85 million. Imports dropped 12.6-fold, to 1.69 thousand tons valued at $3.45 million, down 11.8-fold. Ukraine didn’t import directly-reduced iron, but exported 258 tons to India. (Ukrainian metal)
In November, Ukraine procured 10.8 thousand tons of scrap, down by 76% MoM. Procurement has been falling for two months in a row. While in September it amounted to 48 thousand tons, in October it dropped to 45.3 thousand tons. In January-November, Ukraine procured 886.1 thousand tons of scrap, down by 76.6% YoY. The decrease…
Ukrzaliznytsia has successfully held two auctions to sell scrap with the combined weight of 326.93 tons for 1.36 million UAH. Average price was 4.16 thousand UAH per ton. The scrap was bought by Ukrmet-Invest LLC. Ukrzaliznytsia intended to sell 38 lots of 20.54 thousand tons for 82.08 million UAH. Most of the auctions were not…
In January-October, scrap procurement decreased by 74.6% YoY, to 875 thousand tons. Exports totaled 37.7 thousand tons, down from 503.5 thousand tons. Imports fell from 19.8 thousand tons to 2 thousand tons. Scrap deliveries to metal companies amounted to 801.7 thousand tons, down by 71.1%. As of November 1, scrap stocks are estimated at 20-25…
