The start of the metal exports via sales at an exchange, scheduled for January 1, 2020, could be postponed. The corresponding draft decree has been sent to the government. In particular, the Ministry of Industry and Trade wants the exchange sales not to start in 2020, but wants some kind of a transition period. The…
AVA-Trade LLC aluminum works was not able to contest additional taxes of over 23.9 million rubles and a fine of 1.4 million rubles. The company filed a suit to the court demanding to cancel the decision of the Tax service. The service found violations of the tax legislation and decided to impose additional taxes of…
In September scrap exporters were unable to sell scrap, as they could not get the exporting licenses on time. The new order to export scrap came into effect on September 1. And the export to the countries other than the EAEU had to be quoted, with the total amount reaching 1 million tons until the…
Property of a major non-ferrous metals scrap processor Vtormet Industrial Company LLC has been put up for sale with the initial price of 2.5 billion rubles. All the property (11 automobiles, manufacturing machinery, secondary raw materials, scrap and wastes) are auctioned as a single lot. The debt of 387 million rubles is also included in…
In August Ukraine procured 225 thousand tons of scrap, up by 17% MoM. All the scrap was delivered to the domestic metal companies, there were no exports. In 8 months out of 2.143 million tons of scrap procured (down by 13% YoY) domestic companies received 2.106 million tons (down by 3%), and 37 thousand tons…
The government has prolonged for 2 years the ban to export steel scrap, including pipes, rails, and elements of railroad and rolling stock. Stainless steel scrap exports are allowed provided the contracts are registered with the Ministry of Economy not later than 5 days before shipping. The ban was introduced in October 2018. (Ukrainian metal)
In January-August Ukraine exported 37.082 thousand tons of ferrous metals scrap, down 8.1-fold YoY, valued at $10.259 million, down 9.6-fold. In particular, in August Ukraine exported 155 tons of scrap, in July – 204 tons, in June – 208 tons, in May – 8.086 thousand tons, in April – 8.791 thousand tons, in March –…
The Federal Antimonopoly Service has allowed a company affiliated with Translom to buy the Sinara Group scrap procuring business. According to the analysts the merged company will not control more than 14% of the scrap market. In particular, Germes was allowed to buy TMK-Chermet. There are no companies with the market share over 35% in…
