Business news from Ukraine

UKRAINE INCREASES SCRAP METAL EXPORTS BY 41% IN TEN MONTHS

6 November , 2015  

KYIV. Nov 6 (Interfax-Ukraine) – Ukrainian enterprises working with scrap ferrous metals in January-October 2015 increased exports of these products by 41.1% compared to the same period in 2014, to 1.125 million tonnes.

According to customs statistics made public by the State Fiscal Service of Ukraine, scrap metal exports in monetary terms rose by 6.4%, to $269.353 million.

In January-October 2015 the country reduced imports of scrap metal in natural terms by 92.2% compared to January-October 2014, to 2,154 tonnes. In monetary terms, imports fell by 83.8%, to $2.262 million.

The goods were mainly imported from Turkey (93.81% of supply in terms of money), and Moldova (3.89%). Exports mainly went to Turkey (79.10%), and Moldova (19.36%).