Kazakhstan is planning on temporary banning the export of ferrous scrap by railroad, the press service of the Ministry of Industry and Construction has said. The corresponding draft normative legal act has been made public. “The world practice shows the use of secondary metals as raw materials is a strategic area given their environmental friendliness…
In January-June, Ukraine exported 124.52 thousand tons of ferrous scrap, up by 35.3% YoY. According to the State Statistics Service, in June exports reached 22.16 thousand tons, in May – 14.95 thousand tons, in April – 26.15 thousand tons, in March – 20.9 thousand tons, in February – 23.19 thousand tons and in January –…
The government of Armenia has prolonged the prohibition of exporting ferrous and non-ferrous metal scrap and waste for six months to support domestic steel manufacture and metal industry. The ban was previously extended on December 21, 2023. Armenia does not have effective iron ore deposits, so local metal plants rely on scrap procured domestically. Since…
By canceling the frozen auctions to sell scrap, Ukrzaliznytsia has damaged itself for 300 million UAH, expert Boris Kushniruk has said. “That was a very strange decision on behalf of Ukrzaliznytsia. Auctions were held, winners were announces and pledges were made. Moreover, metal companies were ready to buy this scrap despite the fact that the…
In January-April, Ukraine procured 563.4 thousand tons of metal scrap, up by 53.7% YoY. Local deliveries to metal plants grew by 52.3%, to 446 thousand tons. Exports increased by 54.9%, to 87.4 thousand tons, while imports went up 5-fold, to 0.36 thousand tons. In 2023, Ukraine increased scrap exports by 28% YoY, to 1.277 million…
The sale of scrap will allow Ukrzaliznytsia receiving additional funds and metal industry – increasing output and tax payments. Thus, the state enterprise has to resume scrap sales as soon as possible, the CEO of the Federation of Transport Employees Volodymyr Husak has said. “The issue of no scrap auctions must be solved as quick…
For 8 months, Ukrzaliznytsia and the government have been unable to decide on the scrap sales procedure. This affects both the operation of Ukrzaliznytsia and the country’s economy. “Amendments were made to an order of the Cabinet that regulated the process of Ukrzaliznytsia assets sales. And it became questionable who had to take decisions on…
The Minustry of Defence is stockpiling scrap at four sites for its further sale. Until the end of the year, the ministry could amass 200 thousand tons of scrap, deputy defence minister Yuri Jigir has said. “We have more than 15 thousand tons of ferrous scrap. Of them, 541 tons contain precious metals. Because of…
