Head of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk says the budgetary efficiency from the bill, which established a duty on scrap metal exports from Ukraine, is estimated at UAH 1 billion ($38.3 million) per year. “Raw materials must remain within the country. They must be processed into finished products to create…
In March Russia exported 9.9 thousand tons of corrosion-resistant steel scrap and wastes, up by 49.8% MoM and by 8.7% YoY. According to the customs statistics, revenue totaled $11 million, up by 77.2% MoM and by 20.1% YoY. In January-March Russia exported 21.9 thousand tons of this scrap, down by 2.3% YoY, valued at $23…
In March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY. In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively. In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)
The state enterprise Ukrpromvneshexpertisa says in June deliveries of scrap to metal companies will decrease by 16.67% MoM, or by 50 thousand tons, to 250 thousand tons. “I believe in June deliveries will decrease somewhat, as the price drop starts affecting scrap procurement. Thus, deliveries to metal companies will also decrease. Another factor is the…
In January-April Ukraine exported 216 thousand tons of scrap, or 354% as compared to the same period of the previous year. In 4 months Ukraine procured 1.16 million tons of scrap, up by 10%. 944 thousand tons were supplied to the metal companies, down by 5%. The level of provision of metal companies with scrap…
The Verkhovna Rada has adopted the decree on increasing scrap export duty to 42 euro per ton for 1 year. 248 members of the parliament voted in favor of the decree with the minimum required number of 226. The decree was registered on April 4. But it suggested prolonging the current scrap duty (with the…
In March Russia exported 415.8 thousand tons of ferrous scrap, up by 9.5% MoM and by 19% YoY. In February the results were +10.7% and +88.6%, while in January -45.6% and +38.7% respectively. In January-March exports reached 1.14 million tons, up by 43% YoY, and the highest result in 10 years. Turkey imported 45% of…
If the Verkhovna Rada does not extend the scrap export duty and does not increase it to 42 euro per ton, it will have a catastrophic impact on the economy. According to the Ukrmetallurgprom chairman Alexander Kalenkov, in Q1 scrap export from Ukraine grew 3.5-fold YoY, which resulted in the shortage on the market. “And…