In January-September of this year, ferrous scrap enterprises reduced the supply of scrap to Ukrainian metallurgical enterprises by 7% compared to the same period last year – to 703 thousand tons from 755.5 thousand tons, and by 72.2% compared to the first nine months of 2021 (2.530 million tons).
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Friday, the procurement of scrap metal for the first nine months of 2023 increased by 5.8% compared to the same period last year – up to 878 thousand tons.
At the same time, exports of scrap metal for the period amounted to 131.1 thousand tons compared to 35.2 thousand tons in January-September 2022 (an increase of 3.7 times). At the same time, imports of scrap amounted to 0.8 thousand tons, while in the first nine months of 2022 it amounted to 1.6 thousand tons.
As of October 1, 2023, the level of scrap stocks at Ukrainian steelmakers was estimated at 25-30 thousand tons.
As reported, in 2022, Ukraine reduced scrap procurement by 75.9% compared to 2021, to 996.7 thousand tons from 4.136 million tons. Last year, scrap exports amounted to 53.6 thousand tons, which is 11.5 times less than in the previous year (615.7 thousand tons). At the same time, scrap imports amounted to 1.8 thousand tons (in 2021 – 23 thousand tons).
In 2022, scrap supplies to the country’s steelmaking companies decreased by 73% compared to 2021, to 895.7 thousand tons from 3 million 323.4 thousand tons.
“UAVtormet forecasts ferrous scrap procurement of 1.25-1.3 million tons in 2023. In addition, it is expected that scrap supplies to the country’s steelmakers will amount to 1-1.05 million tons. Exports of scrap metal are expected to reach 180-200 thousand tons, while imports are expected to reach 0.8-1.2 thousand tons. Steel production is expected to reach 5.6-5.8 million tons.
