The president of Ukraine Petr Poroshenko has signed the decree No. 6382 to prolong for a year the export duty on ferrous scrap in the amount of 30 euro per ton, earlier adopted by the Verkhovnaya Rada. According to the VR committee on industrial policy chairman Victor Galasyuk, thus an additional margin of safety was…
In June Ukrainian market received 269 thousand tons of scrap, up by 18 thousand tons MoM, with 1421 thousand tons delivered since the year beginning. According to the state enterprise Ukrpromvneshexpertisa deputy director Yuri Dobrovolsky, the raw materials shortage is still felt on the market. Since the year started, the demand in scrap has been…
The metal companies of the South of Russia have addressed the federal authorities asking them to impose an environment tax on scrap exports. They believe this idea does not contradict the WTO norms and will have a triple positive effect: it will support local scrap processors, bring additional money to the regions and will help…
The bill extending the increased duty on exports of scrap ferrous metal in the amount of EUR 30 per ton passed by Ukraine’s Verkhovna Rada would not apply to exports to the European Union member countries, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze has said. “As for the scrap metal…
The Verkhovnaya Rada of Ukraine has prolonged the scrap export duty of 30 euro per ton till September 15, 2018. The bill No. 6382 has been supported by 247 people’s deputies with the minimum required number of 226. According to the bill note, its goal is to regulate scrap export and decrease scrap shortage on…
The Ukrainian Association of Scrap Exporters (UAEM) has asked the president to completely veto the bill on prolongation of scrap export duty of 30 euro per ton for two years. The association believes that the bill contradicts the current legislation of Ukraine and international agreements, signed and ratified by Ukraine. According to these agreements, the…
In May, according to the customs statistics, Russia exported 391.5 thousand tons of ferrous metals scrap, down by 13.2% MoM and by 29% YoY. In April the figures stood at +29% and –33% respectively. In January-May Russia exported 1.64 million tons of scrap, down by 28% YoY. And this is also the lowest result for…
By August Ukrzaliznytsia intends to have shipped all its scrap sold at three auctions in early June. “The loading is underway. We expect to receive all the volumes this month”, Interpipe finances and economy director Denis Morozov said. According to him ArcelorMittal Kriviy Rih, Metinvest-Resource and Interpipe NTZ have already received some 30-50% of the…