Business news from Ukraine

Ukrainian enterprises increased exports of ferrous scrap by 52% in January-March

Ukrainian companies increased exports of ferrous scrap by 52.2% in January-March this year compared to the same period last year, up to 61.261 thousand tons from 40.255 thousand tons.

According to statistics released by the State Customs Service, 20,907 thousand tons of scrap metal were exported in March (23,194 thousand tons in February and 17,160 thousand tons in January).

In monetary terms, scrap exports increased by 65.7% to $19.431 million from $11.725 million.

In January-March, Ukraine exported scrap metal to Poland (90.56%), Greece (5.42%) and Germany (3.89%).

In the first three months of the year, the country imported 254 thousand tons of scrap metal for $94 thousand. Imports were carried out from Slovakia (68.82% in monetary terms), Poland (13.98%) and the Netherlands (10.75%), while in January-March 2023, 46 tons of scrap were imported from Slovakia for $16 thousand.

As reported, in 2023, the scrap collecting enterprise of Ukraine increased the export of scrap metal from the country by 3.4 times compared to the previous year – up to 182,485 thousand tons from 53,557 thousand tons. In monetary terms, exports increased 2.74 times to $52.723 million from $19.271 million.

Earlier, Ukrmetallurgprom President Oleksandr Kalenkov stated in an op-ed on the Interfax-Ukraine website that scrap metal is exported through the European Union, which has a preferential export duty of EUR3 per ton, and from there the raw materials are redirected to real customers. He noted that exporting raw materials directly to customers would cost EUR180 in export duties, and the Ukrainian budget has already lost UAH 350 million.

The head of Ukrmetallurgprom called for a temporary ban on the export of ferrous scrap to provide steelmakers with strategically important raw materials in the ongoing war. He also clarified that a ton of scrap metal processed into steel brings in 10 times more to the budget than the EU export duty, which is about $300 per ton.

In 2022, Ukraine reduced exports of ferrous scrap by 11.5 times compared to the previous year, to 53,557 thousand tons, and in monetary terms, it decreased by 12.4 times, to $19.271 million.

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Ukraine increased exports of ferrous scrap by 2.1 times in January

In January this year, Ukrainian enterprises increased exports of ferrous scrap by 2.1 times compared to the same period last year, up to 17,160 thousand tons from 8,280 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of scrap metal increased 2.15 times in monetary terms to $5.078 million from $2.362 million.

In January, Ukraine exported scrap metal to Poland (95.35%), Germany (4.61%) and the Netherlands (0.04%).

In the first month of the year, the country imported 129 tons of scrap metal from Slovakia for $45 thousand, while in January 2023 there were no imports of this raw material.

As reported, in 2023, the scrap collecting enterprise of Ukraine increased the export of scrap metal from the country by 3.4 times compared to the previous year – up to 182,485 thousand tons from 53,557 thousand tons. In monetary terms, exports increased 2.74 times to $52.723 million from $19.271 million.

Earlier, Ukrmetallurgprom President Oleksandr Kalenkov stated in an op-ed on the Interfax-Ukraine website that scrap metal is exported through the European Union, which has a preferential export duty of EUR3 per ton, and from there the raw materials are redirected to real customers. He noted that exporting raw materials directly to customers would cost EUR180 in export duties, and the Ukrainian budget has already lost UAH 350 million.

The head of Ukrmetallurgprom called for a temporary ban on the export of ferrous scrap to provide steelmakers with strategically important raw materials in the ongoing war. He also clarified that a ton of scrap metal processed into steel brings in 10 times more to the budget than the EU export duty, which is about $300 per ton.

In 2022, Ukraine reduced exports of ferrous scrap by 11.5 times compared to the previous year, to 53,557 thousand tons, and in monetary terms, it decreased by 12.4 times, to $19.271 million.

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Ukrainian enterprises reduced export of ferrous scrap by 12.9 times

Ukrainian enterprises in January-September of this year reduced the export of ferrous scrap by 12.9 times compared to the same period last year – up to 35.275 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, the export of scrap metal over this period decreased by 13.9 times – to $12.640 million.
At the same time, over nine months, the country reduced the import of scrap metal in physical terms by 11.1 times – up to 1,554 thousand tons. In monetary terms, the import of scrap decreased 9.7 times to $3.279 million.
The import of scrap metal in January-September was carried out mainly from Turkey (78.87% of deliveries in monetary terms), the Russian Federation (14.09%) and Cyprus (5.4%); export – to Turkey (59.42%), Poland (15.34%) and Germany (9.41%).
In addition, in January-September 2022, Ukrainian steel enterprises did not import products of direct reduction of iron from ore under code 7203 – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal, but exported 258 tons of these products to India (100%) in the amount of $48 thousand
As reported, Ukraine in 2021 increased the export of scrap metal by 17.2 times compared to the previous year – up to 615.687 thousand tons. In monetary terms, the export of scrap metal increased 25.2 times – up to $238.895 million.
In 2021, the country reduced the import of scrap metal in physical terms by 13.1% to 22.964 thousand tons. In monetary terms, the import of scrap increased by 72.4% to $44.883 million.
The import of scrap metal in 2021 was carried out mainly from Turkey (60.42% of deliveries in monetary terms), the Russian Federation (33.44%) and Belarus (1.57%); export – to Turkey (84.85%), Romania (6.66%) and Poland (3.45%).
In addition, Ukrainian steel enterprises in 2021 imported from the Russian Federation 1,603 thousand tons of products of direct reduction of iron from ore under code 7203 – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal, in the amount of $653 thousand, while in 2020 – 2,648 thousand tons for $805 thousand. At the same time, the export of these products to India amounted to 288 tons for $91 thousand.

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