Verkhovna Rada has approved as a whole the decree to decrease the ferrous scrap shortage on the domestic market by increasing the scrap export duty from 42 euro to 48 euro per ton and prolonging it for three years. 234 members of the Parliament voted in favor of the decree. This is the third decree.…
This year Ukrzaliznytsia (Ukrainian Railways) intends to actively sell scrap and outdated cars and earn some 2 billion UAH. Since late 2018 Ukrzaliznytsia has started selling scrap via the Prozorro.Sales program. At that time the company put its first four lots for sale with the combined initial cost of 260 million UAH. In January the…
Under the program to protect environment Trubodetal is gathering manufacturing waste and submitting it for processing. Last year the company gathered 6.5 thousand tons of metal scrap. Apart form scrap, the company also submits for reuse and processing other waste: polyethylene, wood, and paper. The waste is gathered in special containers situated on the territory…
The Russian president Vladimir Putin has ordered the government to develop suggestions on the upgrading of the scrap sphere. The suggestions should touch the rules of scrap procurement and sales, including using digital platforms. The suggestions should be ready by May 31. The Russian scrap market is estimated at 1 trillion rubles per year. (Ukrainian…
The state enterprise Ukrpromvneshekspertisa forecasts that in March ferrous scrap prices will grow by 3-12.5% MoM, to $315-340 per ton. The price could grow following the increase in price of rolled metal. At the same time, in April the experts expect a drop of export quotations because of the decrease in demand and the seasonal…
The state enterprise Ukrpromvneshekspertisa forecasts that in March ferrous scrap deliveries to metal companies will grow by 50% MoM, to 210 thousand tons. In February deliveries will be insignificant due to the low procurement level. At the same time in March and April deliveries will grow because of the expected increase in price and better…
In order to decrease the shadow economy on the scrap market, the income tax of the population has to be decreased from the current 10% to 5% for private entrepreneurs. The Latvian association of waste procurement has voiced this to the Ministry of Finances. At present the higher tax does not allow Latvian companies to…
Ukrainian Railways (Ukrzaliznytsia) has prohibited the transportation of metal scrap to ArcelorMittal Kriviy Rih. According to the enterprise report, scrap is prohibited to be delivered to the Krivoy Rog-Main station. The prohibition runs from February 18 till February 21. (Ukrainian metal)