Ukraine: scrap export quotas illegal
Metallurgprom believes the giving of scrap export quotas by the Ministry of economical development and trade is illegal and is going to sue the ministry.
Metallurgprom believes the giving of scrap export quotas by the Ministry of economical development and trade is illegal and is going to sue the ministry.
The industrial policy and entrepreneurship commission of the Verkhovnaya Rada has supported the decree on the metal scrap export duty increase.
The Ministry of economical development and trade has allowed exporting 143.8 thousand tons of metal scrap.
The County Administrative Court of Kiev has stopped the decree of the Ministry of economical development and trade on metal scrap balance. The case was initiated by Metallurgprom.
The Ministry of economical development and trade will be giving ferrous scrap export quotas.
The Cabinet of Ministers has simplified the registration of the ferrous metals scrap export contracts.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH25.152* min max December 124 131 January 124 131 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.01.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-February Ukraine exported 9.99 thousand tons of ferrous metals scrap, down by 92.7% YoY.