The President of Ukraine Petro Poroshenko has signed a decree, which increases the ferrous scrap metal export duty from 10 euro per ton to 30 euro. The Verkhovnaya Rada adopted the decree on April 21. The decree presupposed the temporary duty increase – for 3 years. But the President vetoed it, and returned it to…
The Ministry of economical development and trade has suggested canceling VAT in operations with scrap metal, as well as the income tax when submitting scrap. The ministry suggests canceling VAT for good, instead of making amendments to the state budget on annual basis, as it is done now. Thus VAT will not be imposed on…
In January-August Ukraine exported 233.37 thousand tons of ferrous scrap valued at $40.99 million, down by 76.5% and 83.1% YoY respectively. According to the State Fiscal Service, scrap was not exported in July and August, with 26.78 thousand tons exported in June, 112.57 thousand tons in May, 82.47 thousand tons in April, and 11.54 thousand…
In July Ukraine imported $0.44 million worth of ferrous scrap. At the same time, no scrap was exported. According to the State Fiscal Service, the major supplier of scrap in July was Turkey ($0.26 million). In January-July Ukraine exported $40.99 million worth of ferrous scrap, while imports stood at $4.12 million. In June ferrous scrap…
The state enterprise Ukrpromvneshexpertisa forecasts the ferrous scrap procurement in 2016 on the level of 3.3-3.5 million tons. In H1 Ukraine exported 233 thousand tons of scrap, in H2 after the export is unblocked due to the scrap export duties increase from 10 euro to 30 euro per ton, Ukraine will additionally export some 300-400…
The state enterprise Ukrpromvneshexpertisa believes local ferrous scrap prices will fall in Q4 by 4.76% QoQ, or by 170 UAH per ton, to 3.4 thousand UAH per ton. “In Q3 the average price will total 3570 UAH per ton, and will drop to 3.4 thousand UAH in Q4”, says the enterprise marketing department head Yuri…
In January-June Turkey imported 9.18 million tons of ferrous metals scrap valued at $1.97 billion, up by 8.4% and down by 20% YoY respectively. According to the Turkish Statistical Institute, imports from US went up by 7.8%, to 1.89 million tons, from Russia – by 16.1%, to 1.43 million tons, and from UK – by…
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH24.854* min max May 197 211 June 149 153 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.06.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)