Ukraine: scrap metal exports up in January-August 2015
In January-August Ukrainian companies exported 992.85 thousand tons of ferrous metals scrap worth $241.9 million, up by 56% or by 59% and by 10.6% or 22.7% YoY respectively.
In January-August Ukrainian companies exported 992.85 thousand tons of ferrous metals scrap worth $241.9 million, up by 56% or by 59% and by 10.6% or 22.7% YoY respectively.
The State Border Guard has prevented the illegal export of 69 thousand tons of scrap to the Russia-annexed Crimea.
The steel production by Ukraine dropped considerably due to the ongoing political instability in the region. More importantly, imports and exports of scrap metals declined during the first half of the current year.
State Enterprise Ukrpromvneshexpertiza has recorded the maximum level of ferrous scrap exports in June for the last 10 years.
In January-June Ukraine exported 739.18 thousand tons of ferrous metals scrap, up by 56.7% or 59.4% YoY, depending on the source. Thus the Customs service states 471.68 thousand tons of scrap exports in January-June 2014, while the State Statistics claim it was 463.59 thousand tons.
State Enterprise Ukrpromvneshexpertiza says ferrous metal scrap prices would fall to 4100 UAH per ton in July-September.
Ukrainian Federation of Metallurgists supports the rise of ferrous metals scrap exports duty to 30 euro per ton.
In January-May Ukraine exported 509,361 tons of ferrous scrap metal, up by 58% YoY, worth a total of $126.284 million, up by 26% YoY.