The Russian government has made a decision to impose temporal quoting of scrap exports. From July 1 till December 31, the delivery of ferrous metals scrap and wastes to countries other than EAEU members will be subject to quantitative limitations. The Ministry of Finances and the Ministry of Economical Development have approved of the decision.…
Representatives of Moldova Iron and Steel Works held talks with Ukrainian companies on the resumption of scrap deliveries. “In April and May there were no deliveries. But I know for sure, that their representatives have come to Ukraine for negotiations. There are risks, especially in winter, when scrap procurement in Ukraine falls”, Interpipe CFO Denis…
5 new auctions to sell scrap, organized by Ukrzaliznytsia in the ProZorro system, have been announced not taken place. In particular, no offer came for the lots auctioned on June 3. The auctions had to take place on June 18. (Ukrainian metal)
Russian Deputy Prime Minister Dmitry Kozak has ordered preparation of two government orders limiting exports of scrap ferrous and non-ferrous metals from January 1, 2020. Exports must be carried out only via the commodities markets. A draft order will be prepared by the Industry and Trade, Economic Development and Finance ministries until September 1. The…
Ukrainian scrap collection volumes have fallen over the past year, dented by declining availability of obsolete scrap and a sharp fall in exports. Total Ukrainian scrap collection fell by 7% YoY, to 1.04 million tons in January-April, industry association UAVtormet’s president, Volodymyr Boubley, said last week. The trend continued in May amid extended holidays at…
In January-May Ukraine increased ferrous scrap imports by 38.4% YoY, to 28.71 thousand tons valued at $14.792 million, down by 10.9%. According to the State Fiscal Service, the main suppliers were Russia (49.09%), Turkey (43.71%) and Korea (3.13%). This year Ukraine did not import or re-export hot-briquetted iron. (Ukrainian metal)
In January-May Ukraine exported 36.515 thousand tons of ferrous scrap valued at $9.983 million, down 6.9-fold and 8.4-fold YoY respectively. According to the State Fiscal Service, in May 8.086 thousand tons of scrap were exported, in April – 8.791 thousand tons, in March – 8.246 thousand tons, in February – 8.252 thousand tons and in…
In January-April scrap procurement in Ukraine decreased to 1.042 million tons from 1.12 million tons last year. At the same time scrap deliveries to metal companies increased by 11%, to 988 thousand tons. As of May 1, scrap stocks at metal companies were estimated at 50-60 thousand tons. The main source of scrap is amortization…