Ukraine: scrap price to fall in 2016
Ukrpromvneshexpertisa believes ferrous metals scrap prices on the local market will fall by 18.26% YoY, or by 670 UAH, to 3 thousand UAH per ton.
Ukrpromvneshexpertisa believes ferrous metals scrap prices on the local market will fall by 18.26% YoY, or by 670 UAH, to 3 thousand UAH per ton.
In 2015 Ukraine exported 1212.55 thousand tons of ferrous scrap, up by 29.4% or 31.5% YoY, depending on the comparison base, valued at $295.19 million or $289.84 million.
The State informational-analytical center Gosvneshinform says ferrous scrap prices will fall by $5 to $160 per ton FOB.
In November Ukraine exported $9.62 million worth of ferrous metals scrap, with imports on the level of $0.13 million.
The export duty on ferrous scrap at the level of 30 euro per ton will bring Ukrainian budget the most revenues, says professor Alexei Smirnov.
Metinvest, ArcelorMittal Kriviy Rih, Interpipe and Electrostal ask the Prime Minister of Ukraine Arseny Yatsenyuk to help solve the ferrous scrap deficiency problem.
In January-September Ukraine exported 1081.34 thousand tons of ferrous metal scrap, up by 54.3% YoY.
Implementation of scrap metal export duties could be a compromise between metallurgists and scrap procurers, says Metinvest CEO Yuri Ryzhenkov.