In January-march, the time to deliver ferrous scrap over railroad to metal companies totaled 5.1 days, up by 7.7% YoY. The minimal time (4.5 days) was in Q1 2015 and Q1 2017. This year the batches with the total weight of up to 260 tons (77% of all shippings) were delivered within 5.4 days, up…
In March scrap deliveries to Ukrainian metal companies improved. In particular, 296 thousand tons of scrap were procured, up by 118% MoM, of which domestic companies received 288 thousand tons, up by 125%. At the same time exports remained on the February level – 8 thousand tons. In Q1, 661 thousand tons were procured, down…
In January-March, Ukraine exported 19.638 thousand tons of scrap valued at $5.461 million, down 7.1-fold and 8.8-fold YoY respectively. According to the State Fiscal Service, in March Ukraine exported 8.246 thousand tons of scrap, in February – 8.252 thousand tons and in January – 3.14 thousand tons. At the same time Ukraine increased scrap imports…
The President of Ukraine Petr Poroshenko has signed a decree to increase scrap export duty from 42 euro to 58 euro per ton. On February 28 the Verhovna Rada adopted the draft decree No. 9474, providing for the duty increase, as a whole. 234 parliament members voted in favor of the decree. The duty will…
In 2018 Russia procured 25.95 million tons of scrap, with the average price at 17.727 rubles per ton, up by 2,817 rubles YoY. As metal companies did not want to buy scrap at that price, exports in December 2018 increased. Because of the increase of the domestic prices, some metal companies are lobbying the imposition…
The state enterprise Ukrpromvneshexpertisa forecasts that in April scrap stocks at metal companies will grow by 15.4% MoM, to 75 thousand tons. Scrap stocks as of the end of February dropped to 79 thousand tons, or by 55% MoM. Scrap stocks in working days fell to 9 days, or by 25% below the norm. The…
The state enterprise Ukrpromvneshekspertisa forecasts that in April scrap deliveries to metal companies will grow by 7% MoM, to 245 thousand tons. In March deliveries will grow considerably on the basis of increasing purchasing prices and seasonal improvement of procurement. In April-May delivery level will be roughly on the same level. The forecast volumes of…
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…
