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…
Month Russian market, $/t, FCA, without VAT, $1/RUR63.16* min max August 63 174 September 63 188 * – 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)
In October the Russian Railways shipped 103.4 million tons of cargo, down by 3.3% YoY. Local shipping dropped by 6.8%, exports went up by 3.7%. Coal transportation totaled 28 million tons, down by 4.5%, iron and manganese ore – 8.9 million tons, down by 5.4%. At the same time ferrous scrap transportation went up by…
In 2017 Ukrzaliznytsia plans to sell a large batch of scrap on the local market. “We will consider the scrap volume we will get from the old cars. And it will be sold in 2017”, the company member of the board Ireneush Vasilevsky said. Ukrzaliznytsia has already announced a tender to sell 130 thousand tons…
Interpipe notes positive influence of the scrap export duty decree and supports its prolongation. “The decree has really helped us. Without it the situation with scrap would have been much worse”, the company finances and economy director Denis Morozov said. According to him, scrap procurement in Ukraine will continue to drop, so the decree should…
“In the next 5 years scrap procurement in Ukraine will be falling”, Denis Morozov, Interpipe economy and finances director, believes. The previous forecast on scrap procurement in 2016 on the level of 2.8-2.9 million tons would probably be proven, he thinks. In 2017 Morozov expects scrap procurement to fall by 100 thousand tons, to 2.7…
Interpipe has started importing scrap from Russia. “We intend and will buy scrap from Russia. This month we will receive our first batch”, the Interpipe economy and finances director Denis Morozov reported. According to him, Russia sees surplus of scrap of some 3 million tons per year. And the country has already imposed an export…
