Ukrainian metal companies consider its fair to extend the term of the increased scrap export duty, as the raw material is scarce on the local market. According to Metinvest CEO Yuri Ryzhenkov, the group has wintered without a considerable shortage of scrap for the first time in three years. “We were able to get good…
In March Ukrainian metal companies received 265 thousand tons of scrap, up by 45 thousand tons MoM, and 85% of their total needs. In March their scrap stocks decreased by 10 thousand tons, to 95 thousand tons. As of January 1, their stocks totaled 190 thousand tons. In Q1 metal companies received 715 thousand tons…
Ukrzaliznytsia has announced 2 tenders to sell ferrous scrap. According to the company statement, registration is open until April 21. The auctions will held on April 25. The first lot features 24 thousand tons of steel scrap valued at 122.76 million UAH. The second is 22 thousand tons of steel scrap No. 4 (wheels, beams,…
In January-March Ukraine exported 38.671 thousand tons of ferrous scrap, up 3.3-fold YoY, valued at $11.548 million, up 4.7-fold YoY. According to the State Fiscal Service, imports increased 2-fold YoY, to 8.720 thousand tons valued at $6.474 million, up 4.2-fold. The main suppliers were Turkey (80.72%), Moldova (12.51%) and Russia (5.48%), with the main customers…
The state enterprise Ukrpromvneshexpertisa forecasts that scrap deliveries to Ukrainian companies will increase in March by 23.5% MoM, or by 39 thousand tons, to 205 thousand tons. The increase in deliveries has to do with the high price of 6150 UAH per ton, as well as the expectations of the scrap procurers and traders that…
The Cabinet of Ministers of Ukraine has exempted operations with ferrous and non-ferrous scrap metal, in particular imports, from value added tax (VAT) until January 1, 2019. The corresponding government resolution dated March 22, amends another resolution No. 15 dated January 12, 2011, which defined the list of ferrous and non-ferrous metal scrap and waste,…
Interpipe has started importing scrap from Moldova. “We import scrap from Russia and from Moldova. These are just trial batches, of around several tons. But I expect scrap imports to increase in future. There are no other options”, Interpipe finances and economy director Denis Morozov said. According to him, if scrap is imported from other…
In February deliveries of scrap to metal companies decreased by 10 thousand tons MoM, to 220 thousand tons, or the 76% of the necessary volume. Scrap stocks at the metal companies in February decreased by 15 thousand tons, to 105 thousand tons as of March 1. In January-February metal companies received 450 thousand tons of…