Ukraine: Metallurgprom names optimal scrap export duties
Metallurgprom believes the optimal level for scrap export duty is 50 euro per ton.
Metallurgprom believes the optimal level for scrap export duty is 50 euro per ton.
In October Ukraine exported $140.11 million worth of long rolled metal, while imports totaled $10.18 million.
The Ministry for economic development and trade is working on a decree to increase scrap export duties.
In January-October Ukraine exported 1124.98 thousand tons of scrap, up by 41.1% YoY (from 797.48 thousand tons).
The state informational-analytical center Gosvneshinform says the export prices for steel scrap have decreased by 5-10%.
Metinvest, ArcelorMittal Kriviy Rih, Interpipe and Electrostal ask the Prime Minister of Ukraine Arseny Yatsenyuk to help solve the ferrous scrap deficiency problem.
In September Ukraine exported $160.12 million worth of long rolled products, with imports on the level of $12.03 million.
In January-September Ukraine exported 1081.34 thousand tons of ferrous metal scrap, up by 54.3% YoY.