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…
In 2016 scrap procurement dropped to 3.5 million tons, the lowest result in the last 20 years. The main reasons for this are the thinning of the main sources of raw materials, machine-building stagnation, decrease in dollar purchasing prices, etc. “Ukraine has a considerable reserve of the outdated metal. The total volume is 600 million…
In January-February Ukraine exported 17.78 thousand tons of ferrous scrap valued at $3.655 million, up by 77.9% and by 70.7% YoY respectively. Scrap imports increased by 63.2% YoY, to 6.755 thousand tons, valued at $4.878 thousand, up 4.1-fold. Turkey (79.87%), Moldova (16.6%) and Russia (3.5%) were the main suppliers of scrap, with Turkey (92.97%), the…
In 2016 Meta Group, a part of ChTPZ, sold 1.354 million tons of scrap, up by 4% YoY, with 760 thousand tons being the group procured scrap, and 594 thousand tons – transit scrap. Meta-Perm demonstrated the growth of 6.1 thousand tons, Vtorchermet – 10.6 thousand tons, Meta-Chelyabinsk – 17.1 thousand tons, and Meta-Yekaterinburg –…
The Ministry of economic development and trade has ordered the supervisory board of Ukrzaliznytsia to sell its scrap to local metal companies. The decision followed the earlier meeting of the Prime Minister Vladimir Groysman with the representatives of the metal companies and aims at securing their interests. According to the Ukrzaliznytsia chairman Wojcieh Balczun, this…
According to Interpipe, in 2017 Ukraine will become a net-importer of scrap. The company believes that this year the situation with scrap procurement will further worsen. In 2017 Ukraine will procure 2.9-3.1 million tons of scrap. This is less than what was delivered to local companies in 2016 (3.2 million tons), and much less than…