Business news from Ukraine

Business news from Ukraine

SCRAP METAL EXPORTS FROM UKRAINE DECREASES BY 87% IN 2019

23 January , 2020  

Ukrainian enterprises in 2019 decreased exports of ferrous scrap metal by 87.2% compared to 2018, to 42,182 tonnes.
According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 88.9%, to $11.781 million.
In 2019, the country increased imports of scrap metal in kind by 17.2% compared to 2018, to 49,934 tonnes. Imports in monetary terms decreased 6.4%, to $34.254 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (62.55% of deliveries in monetary terms), Russia (28.45%), and the Netherlands (2.23%); and major exports were shipped to Turkey (85.88%), the Netherlands (6.27%) and Germany (5.37%).
Ukrainian metal companies in 2019 imported 2,502 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal for $811,000. The HBI was imported from Russia for a total value of $810,000 and China for $1,000.

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