Ukraine: Interpipe to import scrap

Interpipe may start importing scrap to cover the shortage on the local market. “So far we see only one option – long-term imports”, the company CFO Denis Morozov said. “At the same time, unfortunately, Ukrainian infrastructure is not ready for scrap imports – neither ports, nor railroad”, he added. Scrap is the main raw material…

Russia: stainless steel scrap exports up in 2018

In 2018 Russia exported 109.2 thousand tons of corrosion-resistant steel scrap valued at $120 million, up by 0.7% and by 13% YoY respectively.

This is also the highest result in 10 and 6 years respectively.

Scrap with nickel contents of 8% and more accounted for some 75% of exports. (Ukrainian metal)

Russia: scrap export to be limited

The Ministry of Industry and Trade intends to hold a number of meetings with the management of the major metal companies to discuss a potential embargo on the steel scrap export. According to a ministry representative, the issue has to do with the trend to limit the export of scrap as a product of the…

Ukraine: scrap export duty increased

Verkhovna Rada has approved as a whole the decree to decrease the ferrous scrap shortage on the domestic market by increasing the scrap export duty from 42 euro to 48 euro per ton and prolonging it for three years. 234 members of the Parliament voted in favor of the decree. This is the third decree.…

Russia: Kremlin wants scrap market modernized

The Russian president Vladimir Putin has ordered the government to develop suggestions on the upgrading of the scrap sphere. The suggestions should touch the rules of scrap procurement and sales, including using digital platforms. The suggestions should be ready by May 31. The Russian scrap market is estimated at 1 trillion rubles per year. (Ukrainian…

Ukraine: scrap prices to grow in March 2019

The state enterprise Ukrpromvneshekspertisa forecasts that in March ferrous scrap prices will grow by 3-12.5% MoM, to $315-340 per ton. The price could grow following the increase in price of rolled metal. At the same time, in April the experts expect a drop of export quotations because of the decrease in demand and the seasonal…

Ukraine: Ukrzaliznytsia prohibits scrap shipping to AMKR

Ukrainian Railways (Ukrzaliznytsia) has prohibited the transportation of metal scrap to ArcelorMittal Kriviy Rih.

According to the enterprise report, scrap is prohibited to be delivered to the Krivoy Rog-Main station.

The prohibition runs from February 18 till February 21. (Ukrainian metal)

 

Ukraine: Ukrzaliznytsia repeatedly auctioning scrap

Ukrzaliznytsia (Ukrainian Railways) has once again announced a tender to sell scrap.

This is 16.059 thousand tons of bulk scrap No. 510 (rail scrap) with the starting price of 181.196 million UAH.

The auction will take place on March 4. (Ukrainian metal)

Ukraine: scrap imports up in January 2019

In January Ukraine increased scrap imports by 40.5% YoY, to 3.846 thousand tons.

The cost of scrap imported dropped by 19.7%, to $2.417 million.

The main suppliers of scrap were Turkey (54.7%), Russia (34.8%) and South Korea (8.36%). (Ukrainian metal)

Ukraine: scrap exports down in January 2019

In January Ukraine exported 3.14 thousand tons of scrap, down 10.8-fold YoY.

According to the State Fiscal Service, the value of the scrap exported dropped 10.6-fold, to $936 thousand.

In December 2018 Ukraine exported 7.488 thousand tons of scrap.

The main customers were Turkey (75.61%), the Netherlands (16.9%) and Germany (3.74%). (Ukrainian metal)

Ukraine: scrap prices to drop in February 2019

The state enterprise Ukrpromvneshexpertisa forecasts that in February ferrous scrap metal prices on the local market will drop by 3.4-16%, to 5.7-7.9 thousand UAH per ton. Until mid-February some drastic change of price is not expected, as rolled metal manufacturers will only begin testing opportunities to raise prices for their products. In March the increase…

Ukraine: scrap exports down in 2018

In 2018 Ukraine decreased scrap exports by 33% YoY, to 327.547 thousand tons, valued at $105.646 million, down by 13.3%. According to the State Fiscal Service, in December 2018 Ukraine exported 7.488 thousand tons of scrap, in November – 3.863 thousand tons, in October – 8.274 thousand tons, in September – 7.59 thousand tons, in…