The Ukrainian Association of secondary metals and resources (UAVtormetresurs) has addressed the prime minister of Ukraine asking him to cancel the decree on the increase of the scrap export duty from 10 euro per ton to 30 euro. The letter has also been sent to all the decree authors. According to the association, the cancellation…
Month Russian market, $/t, FCA, without VAT, $1/RUR62.9* min max September 64 189 October 64 191 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
The state enterprise Ukrpromvneshexpertisa says the zero duty on scrap imports will not greatly affect imports. “There is no country that could supply scrap to us at favorable conditions. The decree weakly affects imports. We didn’t import scrap not because of the duty, but because there was nowhere to import it from”, UPE deputy director…
The state enterprise Ukrpromvneshexpertisa forecasts that in November scrap stocks of metal companies will increase by 18.75-25% MoM, or by 30-40 thousand tons, to 190-200 thousand tons. “In October the stocks were on the level of 160 thousand tons. I believe, they will grow, because the steel smelting decrease and scrap supply growth are expected.…
The state enterprise Ukrpromvneshexpertisa forecasts that in November the average ferrous scrap price will increase by 14% MoM, or by 700 UAH per ton, to 5700 UAH per ton. “The price situation is very interesting. The metal makers have been hiding prices from each other. And worked separately with each trader. In fact, the price…
In January-October Ukraine exported 240.22 thousand tons of scrap valued at $42.31 million, down by 78.6% and by 84.3% YoY respectively. According to the State Fiscal Service, scrap was not exported in July-September, with 6.8 thousand tons exported in October. The decrease has to do with the temporary prohibition of scrap exports. In January-October Ukraine…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.897* min max August 153 157 September 153 157 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The president of Ukraine Petro Poroshenko has signed the decree on 5% scrap import duty cancellation that introduces amendments to the customs tariffs. The decree is supposed to decrease ferrous scrap shortage on the local market and provide for infrastructure objects restoration. This is the second part of the metal market supporting package – the…