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…
Ukrainian metal companies underreceived 420 thousand tons of scrap. “Scrap procurement worsened in 2016. Even if there is no scrap export this year, we will still be short of it”, Alexander Kalenkov, Ukrmetallurgprom president, reported. Earlier the company predicted the liquid steel output in 2016 on the level of 28-29 million tons. “But only if…
Month Russian market, $/t, FCA, without VAT, $1/RUR67.05* min max June 60 186 July 60 158 * – Ukrainian Hrivna and Russian Rouble 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)
If Ukrzaliznytsia sells 300 thousand tons of accumulated scrap, it will get some 1.1 billion UAH. According to Ukrmetallurgprom letter to Ukrzaliznytsia, in mid-2015 Ukrainian Railways stopped selling such scrap due to unknown reasons. “As of September 2015 Ukrzaliznytsia should have stocked 83 thousand tons of scrap. We believe that in 2012-2015 it was also…
Ukrmetallurgprom and Vtormet have initiated changes to legislation to lead the scrap market out of the shade. “We have just signed the letter to the prime-minister Vladimir Groysman on legislation initiatives. They will make the scrap market more clear”, the Ukrmetallurgprom president Alexander Kalenkov said. In particular, the changes propose the cancellation of VAT in…
According to the Ukrmetallurgprom president Alexander Kalenkov, the decree on scrap export duty increase, signed by the Ukrainian President Petro Poroshenko, will play a major role in industry revival. “This decree is very useful for Ukraine, as we feel a sharp shortage of scrap. In 2015 Ukraine exported 1.2 million tons of scrap, it was…
In January-August Ukrainian companies supplied 1.99 million tons of ferrous scrap to local metal producers, down by 8.1% YoY. According to the Ministry of economic development and trade, this is 83% of the scrap needs. In August metal companies received 240 thousand tons of scrap and 254 thousand tons in July. Scrap exports in January-August…