In January-November of this year, ferrous scrap enterprises increased scrap supplies to Ukrainian steelmakers by 8.2% year-on-year to 910.9 thousand tons from 841.9 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Thursday, scrap metal procurement for 11 months of this year increased by 27.3% compared to the same period last year – up to 1 million 127.6 thousand tons from 886.1 thousand tons.
At the same time, exports of scrap metal for the period amounted to 161 thousand tons compared to 42 thousand tons in January-November 2022 (an increase of 3.83 times). At the same time, imports of scrap amounted to 0.9 thousand tons, while for 11 months of 2022 – 2.3 thousand tons.
As of December 1, 2023, the level of scrap metal stocks at Ukrainian steelmaking enterprises was estimated at 35-40 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 5.7-5.9 million tons.
