The decree on the prolongation of the ferrous scrap export duty on 30 euro per ton for 2 years cannot be vetoed by the president of Ukraine, the member of the parliament, the chairman of the parliament committee on industrial policy and entrepreneurship Victor Galasyuk believes. “The term to sign or veto the decree given…
The president of Ukraine Petr Poroshenko has vetoed the bill No. 6382 “On changes to the Decree of Ukraine “On changes to some decrees of Ukraine as to the decrease of the ferrous metals scrap deficiency on the local market”. The bill has been returned with the president’s marks. Earlier the Verkhovnaya Rada decided to…
The government of Ukraine will ask the president to sign the decree on the extension of the scrap export duties of 30 euro per ton, the Prime Minister Vladimir Groysman said in London. “Under the military aggression Ukraine needs metal to provide for its own defense”, he said. In September 2016 the president Petr Poroshenko…
Turkish ports refuse to accept ships with scrap coming from Crimea. “As to the scrap bound for Turkey, we see that the country does not accept the ships. Ship owners ask us not to fine them”, the acting director of the Crimean seaports “state enterprise” Yuri Chernenko declared. In late October last year Turkey resumed…
In June Ukrazaliznytsia held 2 large auctions on the sale of 229.04 million UAH worth of steel scrap. Interpipe NTZ bought 22.5 thousand tons of scrap valued at 113.17 million UAH. The company bought scrap No. 4 (wheels, tyres, beams, etc.) at 5029 UAH per ton. Interpipe’s only competitor was ArcelorMittal Kriviy Rih. Metinvest-Resource LLC…
The scrap export limitation is the necessary means of regulation on behalf of the government. According to the state enterprise Ukrpromvneshexpertisa director Vladimir Vlasyuk, it is necessary to limit export of scrap, but not to completely prohibit it. “I understand the discussions between scrap procurers and consumers. But the current duty still allows traders to…
This year scrap procurement will be lower than last year. “In 2016 Ukraine procured 3.471 million tons of scrap. It’s difficult to forecast anything for this year, but we believe that procurement will decrease”, Ukrmetallurgprom president Alexander Kalenkov said. Last year local market received 3.192 million tons of Ukrainian scrap. In January-May 2017 scrap deliveries…
Attractiveness of scrap sales on the local market of Ukraine has increased. According to the acting CEO of Metinvest-Resource Dmitry Klopatovsky, this has to do with the implementation of the 30 euro per ton export duty and its proposed prolongation for two years. “And now metal makers pay more for scrap than abroad”, he stressed.…