Ukraine: rolled scrap exports down in 2015
In 2015 Ukraine exported 17.1 million tons of scrap metal, down by 15%, or by 3.1 million tons YoY.
In 2015 Ukraine exported 17.1 million tons of scrap metal, down by 15%, or by 3.1 million tons YoY.
In 2015 ferrous scrap procurement in Ukraine fell to 4.3 million tons, down by 1 million tons, or by 19% YoY.
Verkhovnaya Rada will review the decree of changes into some Ukrainian laws as to the decrease of ferrous scrap deficiency on the local market in order to meet defense industry demands and restore infrastructure.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH24.001* min max November 117 137 December 130 137 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.12.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In 2015 ferrous metals scarp supplies to metal companies decreased by 25%, to 3.1 million tons.
Month Russian market, $/t, EXW, without VAT, $1/RUR66.239* min max October 60 152 November 60 136 * – 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)
Metallurgprom believes ferrous metals export duty on the level of 50 euro per ton will bring 45 million euro (or over 1 billion UAH) to the state budget.
The state enterprise Ukrpromvneshexpertiza says ferrous scrap exports in 2016 will reach 1-1.1 million tons, if the quotations are cancelled and duties increase.