Ukraine: scrap procurement to fall in 2016
The state enterprise Ukrpromvneshexpertiza says in 2016 ferrous scrap procurement will fall by 9.76% YoY, or by 0.4 million tons, to 3.7 million tons.
The state enterprise Ukrpromvneshexpertiza says in 2016 ferrous scrap procurement will fall by 9.76% YoY, or by 0.4 million tons, to 3.7 million tons.
Ukrtrubprom CEO Leonid Ksaverchuk says Ministry of economic development and trade has been taking decisions reflecting scrap business interests.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH23.885* min max October 118 120 November 118 138 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.11.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The self-proclaimed republics cut bridges, rails and works for scrap.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH22.904* min max September 154 157 October 131 133 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In 2016 scrap procurement in Ukraine is expected on the level of 2015.
Ferrous metals scrap is Ukraine’s main strategic raw materials of secondary resources, said 86% of the experts, surveyed under the “Strategic raw material resources for Ukraine’s development by 2020”. 64% said the scrap export limitations would promote the country raw material security.
The Prime Minister of Ukraine Arseny Yatsenyuk admits the ferrous scrap export duty can increase.