In January-February of this year, ferrous scrap companies increased scrap supplies to Ukrainian steelmakers by 71.4% year-on-year, up to 206 thousand tons from 120.2 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Thursday, scrap metal procurement in the first two months of this year increased by 70% compared to the same period last year – up to 258.7 thousand tons from 152.2 thousand tons.
At the same time, exports of scrap metal for the period amounted to 40.4 thousand tons compared to 24.8 thousand tons in January-February 2023 (an increase of 62.9%). At the same time, imports of scrap amounted to 0.02 thousand tons, while in January-February 2023 – 0.05 thousand tons.
As of March 1, 2023, the level of scrap stocks at Ukrainian steelmakers was estimated at 20-30 thousand tons.
As reported earlier, ferrous scrap companies may increase their scrap procurement by 17-33% year-on-year in 2024, to 1.5-1.7 million tons.
According to UVTORMET’s forecast, Ukraine will produce 6.8-7 million tons of steel in 2024 (6.228 million tons in 2023 and 6.263 million tons in 2022), procure 1.5-1.7 million tons of scrap metal (1,277.3 thousand tons in 2023 and 996.7 thousand tons in 2022), and steel companies will consume 1,277.3 thousand tons (1,277.3 thousand tons in 2023 and 996.7 thousand tons in 2022). tons in 2023 and 996.7 thousand tons in 2022). tons), steelmakers will consume 1.2-1.4 million tons of scrap (1 million 34.7 thousand tons in 2023 and 895.7 thousand tons in 2022), export 250-300 thousand tons of scrap (182.5 thousand tons and 53.6 thousand tons, respectively), increasing the export of strategic raw materials for steelmakers by 37-64% compared to last year.
