In September Ukrainian companies received 286 thousand tons of scrap, up by 45 thousand tons MoM. Scrap was not exported in July-September due to the absence of the law on the scrap export duty increase to 30 euro per ton. In mid-September the decree came into effect, thus probably triggering the start of exports in…
In September Ukraine imported $0.87 million worth of ferrous scrap, with no exports. According to the State Fiscal Service, the main supplier of ferrous scrap in September was Turkey ($0.84 million). In January-September Ukraine exported $40.99 million worth of scrap, while imports totaled $5.77 million. (Ukrainian metal)
The Ministry of economic development and trade suggests canceling contract registration cards while exporting scrap. The corresponding decree was prepared by the ministry and presented on October 19. The goal of the decree is the deregulation of the scrap market and simplification of the regulatory base. At present there are 616 companies in Ukraine dealing…
Month Russian market, $/t, FCA, without VAT, $1/RUR64.91* min max July 62 163 August 62 169 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The Verkhovnaya Rada of Ukraine has cancelled the 5% import duty on ferrous scrap. The new decree stipulates the zero imports duty instead of the current 5%. According to the industry committee head Victor Halasyuk, this is the second part of the help to the mining-metallurgical complex. “Our first step was to increase the export…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.489* min max July 135 140 August 155 159 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH24.798* min max June 149 154 July 139 144 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
Metal products exports are more profitable than scrap exports. “According to our calculations, a country receives more from 1 ton of scrap turned into metal and exported than from the sale of 1 ton of scrap”, said Ukrmetallurgprom president Alexander Kalenkov. Mining-metallurgical complex is one of the main revenue-gatherers for Ukraine. “Scrap market is very…
