In May Ukraine will produce 2.2 million tons of steel, 2.1 million tons of pig iron and 1.9 million tons of rolled metal, according to Metallurgprom. For April its figures were as follows: steel – 2.1 million tons, pig iron – 2 million tons, rolled metal – 1.8 million tons.
Metallurgprom believes the giving of scrap export quotas by the Ministry of economical development and trade is illegal and is going to sue the ministry.
The County Administrative Court of Kiev has stopped the decree of the Ministry of economical development and trade on metal scrap balance. The case was initiated by Metallurgprom.
Metallurgprom has asked the Prime-Minister Arseny Yatsenyuk and the Ministry of economical development and trade to help in limiting ferrous scrap exports as the local market suffers from its shortage.
Metallurgprom expects steel output in March on the level of 2 million tons, while pig iron and rolled metal output would total 2 million and 1.8 million tons respectively.
Metallurgprom believes Ukraine will produce 1.8 million tons of steel, 1.5 million tons of rolled metal and 1.8 million tons of pig iron in February.
In January-September Ukrainian metal companies increased their unrecovered losses 3 times, to 31.2 billion UAH, said Metallurgprom.
Metallurgprom believes the optimal level for scrap export duty is 50 euro per ton.
