Ukrainian metal companies started increasing output after a considerable fall last year, but new challenges appeared. In particular, this concerns scrap supplies. It is expected that in the next few months the shortage will increase. For a couple of months now, scrap stocks at enterprises have not been exceeding 20-25 thousand tons, while in December…
Ukrzaliznytsia has successfully sold 3.34 thousand tons of ferrous scrap valued at 13.4 million UAH. Average price totaled 4.77 thousand UAH per ton. The company intended to sell 7.22 thousand tons of scrap for 25.53 million UAH. There were 23 lots, of which 7 were successfully sold. Ukrzaliznytsia was unable to sell 3.87 thousand tons…
The State Bureau of Investigation is investigating the involvement of the employees of Volyn region customs in the illegal schemes of scrap exports to the EU, with damages estimated at 350 million UAH. “Companies, exporting scrap to the EU, can receive a EUR.1 certificate, confirming the Ukrainian origin of scrap. It allows decreasing the export…
Ukrzaliznytsia has successfully sold 30.07 thousand tons of ferrous scrap valued at 146.46 million UAH. The company planned to sell 37.3 thousands tons for 150.76 million UAH. Average price was 5.01 thousand UAH per ton. The company offered 54 lots of scrap, of which 34 were sold. Ukrzaliznytsia was unable to sell 7.22 thousand tons…
In January, Ukraine procured 60.5 thousand tons of metal scrap, down by 75.6% YoY. According to the UAVtormet Association, scrap deliveries to metal plants amounted to 49.4 thousand tons, down from 226 thousand tons last year. Scrap stocks at metal plants as of early February totaled 20-25 thousand tons, up from 10-15 thousand tons in…
Interpipe Dneprovskiy Vtormet intends to expand its scrap sales markets by attracting new iron and steel works in its customer base. The main risks for the company during the war are unstable economical situation in the country, competition, drastic scrap price decrease and the shortage of raw materials. The company also notes manufacturing risks linked…
Free interpretation of customs tariffs on behalf of some customs units hinders exports of Ukrainian scrap metal to the countries of the European Union. “According to the Association agreement with the EU, the customs duty is EUR 3 per ton, but a special EUR.1 certificate is required, which confirms Ukrainian origin. Issue of certificate is…
Unblocking seaports for metal and mining products would allow increasing scrap procurement in Ukraine. “If we forecast steel output on the level of 6 million tons, the procurement would amount to 900-950 thousand tons. Our main customer is the domestic market. Intrepipe and Kametstal have suspended scrap purchases. So this procurement forecast is quite realistic.…