In February deliveries of scrap metal to Ukrainian metal works dropped by 20 thousand tons MoM, to 225 thousand tons, or 93% of the need. According to Ukrmetallurgprom, in January-February metal companies received 470 thousand tons of scrap, up by 3% YoY, or 97% of the need. In February scrap stocks at metal companies grew…
In 2017 Russia exported 5.37 million tons of steel scrap, down by 4.4% YoY. According to the customs statistics, this is the lowest volume of exports in the past 4 years. Revenue increased by 21%, to $1.329 billion. Turkey imported the most scrap – 44% of the volume, down by 3.9%, but Russia’s revenue grew…
Interpipe notes the minimal shortage of scrap in winter on the local market, but forecasts the worsening of the situation in spring. “The market will still feel shortage. The seasonal growth of steel manufacture will start in April, winter stocks of scrap will run low, and the shortage of the raw material will be felt”,…
In 2017 Russia imported 686 thousand tons of ferrous scrap from Kazakhstan, up 1.7-fold YoY. This was also the highest volume of Kazakh scrap exports to Russia. Scrap price on Russian-Kazakh border in December 2017 was $226.2 per ton, down by 5.7% MoM, but up by 42% YoY. Some 45% of exports go to Chelyabinsk…
The state enterprise Ukrpromvneshexpertisa forecasts that in February deliveries of ferrous metals scrap to metal companies will decrease by 4.55% MoM, or by 10 thousand tons, to 210 thousand tons. According to the enterprise deputy director Yuri Dobrovolsky, last month traders and procurers tried to faster unload their warehouses in order not to sell scrap…
The Ukrainian budget has received three times more funds from the duty on scrap metal exports (UAH 343 million/$12.7 million instead of UAH 112 million/$4.1 million) over the year when an increased rate of the export duty on scrap metals was in effect. “We have very positive results of our “metallurgy law” with Oleh Lyashko…
In January Ukraine procured 279 thousand tons of scrap, up by 16% YoY, but down by 22% MoM. Of this volume domestic metal companies received 245 thousand tons, down by 20% MoM, but up by 7% YoY. Exports decreased by 35% MoM, but grew 3.4-fold YoY, to 34 thousand tons. (Ukrainian metal)
In 2017 the state company Ukrzaliznytsia supplied 48.5 thousand tons of metal scrap to Interpipe. “Ukrzaliznytsia’s entering the scrap market was a very important and long-awaited move. They sold 157.2 thousand tons of ferrous metals scrap, and we bought 48.5 thousand tons from them”, Interpipe CFO Denis Morozov said. According to him, those companies that…
