Business news from Ukraine

Business news from Ukraine

Ukraine reduced procurement of scrap by 41%

Enterprises on operations with scrap ferrous metals in January-April this year reduced the procurement of scrap by 40.9% compared to the same period last year, to 366.6 thousand tons from 620.1 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet), the export of scrap metal during this period amounted to 56.4 thousand tons compared to 7.1 thousand tons in January-April 2022 (an increase of 8 times). In this case, the import of scrap amounted to 0.06 thousand tons, compared to 0.1 thousand tons in the first four months of last year.
Scrap shipments to the country’s metal companies in January-April 2023 decreased by 49.8% compared to January-April 2022 – to 292.8 thousand tons from 583.5 thousand tons.
As of May 1, 2023, the level of scrap metal stock at Ukrainian metal companies was estimated at 20-25 thousand tons.
As reported, scrap metal companies in the first quarter of 2023 decreased steel procurement in 2.5 times compared to the same period last year – up to 222.6 thousand tons, while the export of scrap metal was 40.3 thousand tons (an increase of 5.7 times). Thus, the backlog of scrap procurement in relative terms is reduced, while the export of strategic raw materials for steelmakers from Ukraine is increasing.
Ukraine in 2022, reduced the procurement of scrap metal by 75.9% compared to the previous year – up to 996.7 thousand tons from 4.136 million tons. The export of scrap metal last year was 53.6 thousand tons, which is 11.5 times less than in 2021 (615.7 thousand tons). At the same time the import of scrap was 1.8 thousand tons, compared to 23 thousand tons in 2021.
Scrap supplies to steel companies in the country last year decreased by 73% compared to 2021 – to 895.7 thousand tons from 3 million 323.4 thousand tons.
“UAVtormet predicts that this year the procurement of scrap ferrous metals in the amount of 1.1-1.2 million tons. In addition, it is projected that in 2023, the supply of scrap metal to metal companies of the country will amount to 950-1000 thousand tons. Scrap exports are expected to amount to 100-120 thousand tons, and imports – 1.5-3 thousand tons. Steel output in 2023 will be 4.8-5.2 million tons.

Ukraine reduced procurement of scrap by 71% and increased its exports by 3.5 times

The enterprises on operations with scrap ferrous metals in January-February this year, reduced the procurement of scrap metal by 70.7% compared to the same period last year – to 152.2 thousand tons from 520.4 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Friday, the export of scrap metal during this period amounted to 24.8 thousand tons compared to 7.1 thousand tons in January-February 2022 (an increase of 3.5 times). In this case, the import of scrap was 0.04 thousand tons, whereas in the first two months of last year it was 0.1 thousand tons.
Scrap supplies to the country’s metal companies in January-February 2023 decreased by 75.3% compared to January-February 2022 – to 120.2 thousand tons from 488.5 thousand tons.
As of March 1, 2023, the level of scrap metal stock at metal companies in Ukraine was estimated at 15-20 thousand tons.
As reported earlier by UAVtormet, Ukraine in 2022, reduced the procurement of scrap metal by 75.9% compared to the previous year – up to 996.7 thousand tons from 4.136 million tons. The export of scrap metal last year was 53.6 thousand tons, which is 11.5 times less than in 2021 (615.7 thousand tons). At the same time the import of scrap was 1.8 thousand tons, compared to 23 thousand tons in 2021.
Scrap supplies to steel companies in the country last year decreased by 73% compared to 2021 – to 895.7 thousand tons from 3 million 323.4 thousand tons.
“UAVtormet predicts a decrease in the procurement of scrap ferrous metals to 850 – 880 thousand tons this year. In addition, it is projected that in 2023 the supply of scrap metal to metal companies in the country will be reduced to 720-750 thousand tons. Scrap exports are expected to amount to 80-120 thousand tons. Steel production in 2023 will be 3.6-3.7 million tons.

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Ukraine reduced harvest of scrap by 75.6%

In January this year, scrap metal dealers reduced scrap procurement by 75.6% compared to the same period last year to 60.5 thousand tons from 248.1 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet) on Friday, the export of scrap metal during this period amounted to 8.3 thousand tons compared to 5.8 thousand tons in January 2022 (an increase of 43.1%). At the same time, there were no imports of scrap, while in the first month of last year it was 0.1 thousand tons.
Scrap shipments to the country’s metal companies in January-2023 decreased by 78.1% compared to January-2022 to 49.4 thousand tons from 226 thousand tons.
As of February 1, 2023, the level of scrap metal stock at metal companies in Ukraine was estimated at 20-25 thousand tons.
As reported earlier by UAVtormet, Ukraine in 2022, reduced the procurement of scrap metal by 75.9% compared to the previous year – up to 996.7 thousand tons from 4.136 million tons. The export of scrap metal last year was 53.6 thousand tons, which is 11.5 times less than in 2021 (615.7 thousand tons). At the same time, imports of scrap amounted to 1.8 thousand tons, compared to 23 thousand tons in 2021.
Scrap shipments to metal companies in the country in 2022 decreased by 73% compared to 2021 – to 895.7 thousand tons from 3 million 323.4 thousand tons.
“UAVtormet” predicts a decrease in the procurement of scrap ferrous metals to 820 – 850 thousand tons this year. In addition, it is predicted that in 2023, the supply of scrap metal to metal companies in the country will be reduced to 720-750 thousand tons. Scrap exports are expected to amount to 80-120 thousand tons. Steel production in 2023 will be 3.6-3.8 million tons.

Ukraine reduced production of scrap by 77%

In January-November this year, enterprises on operations with scrap ferrous metals reduced the procurement of scrap metal by 76.6% compared to the same period last year – to 886.1 thousand tons from 3 million 783.6 thousand tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet), the export of scrap metal during this period amounted to 42 thousand tons, which is 13 times less compared to 11M2021 (547.5 thousand tons). In this case, the import of scrap was 2.3 thousand tons, compared to 21.3 thousand tons in January-November 2021.
Scrap shipments to the country’s metal companies in 11M-2022 decreased by 72.4% compared to January-November-2021 – to 841.9 thousand tons from 3 million 55.9 thousand tons.
As of December 1, 2022, the level of scrap metal stock at Ukrainian steel mills was estimated at 30-35 thousand tons.

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Ukrainian enterprises reduced exports of scrap ferrous metals by 13.3 times

Ukrainian enterprises in January-October this year, reduced the export of scrap ferrous metals in 13.3 times compared to the same period last year – up to 37.774 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, the export of scrap metal during this period decreased by 13.4 times – to $14.589 million.
At the same time, the country has reduced the import of scrap metal in volume terms by 11.7 times to 1.691 thousand tons for ten months. In monetary terms, the import of scrap decreased by 10.8 times – to $ 3.453 million.
In addition, steel companies in Ukraine in January-October 2022, did not import products of direct reduction of iron ore to code 7203 – hot briquetted iron, which is a substitute for pig iron and scrap, but exported 258 tons of these products to India (100%) amounting to $ 48 thousand.
As reported, Ukraine in 2021 increased exports of scrap metal in 17.2 times compared to the previous year – up to 615.687 tons. In monetary terms, exports of scrap metal increased by 25.2 times to $238.895 million.
In 2021, the country reduced imports of scrap metal by 13.1% in volume terms, to 22.964 thousand tons. In monetary terms, scrap imports increased by 72.4% to $44.883 million.
Imports of scrap metal in 2021 was carried out mainly from Turkey (60.42% of supplies in monetary terms), Russia (33.44%) and Belarus (1.57%); exports – to Turkey (84.85%), Romania (6.66%) and Poland (3.45%).
In addition, steel companies in Ukraine in 2021 imported from Russia 1.603 tons of products of direct reduction of iron ore to code 7203 – hot briquetted iron (HBI), which is a substitute for pig iron and scrap, worth $ 653 thousand, while in 2020 – 2.648 tons to $ 805 thousand. In this case, the export of products to India was 288 tons to $91 thousand.

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Ukraine for 9 months reduced scrap procurement by 73.5%

In January-September of the current year, enterprises engaged in operations with ferrous scrap reduced the procurement of scrap metal by 73.5% compared to the same period last year – up to 830 thousand tons from 3.135 million tons.
As reported in the operational information of the Ukrainian Association of Secondary Metals (“UAVtormet”), the export of scrap metal for the specified period amounted to 35.2 thousand tons, which is 12.9 times less compared to 9 months-2021 (455.5 thousand tons ). At the same time, scrap imports amounted to 1.6 thousand tons, while in January-September 2021 – 17.2 thousand tons.
The supply of scrap to the country’s steel enterprises for 9 months-2022 decreased by 70.1% compared to January-September-2021 – to 755.5 thousand tons from 2.530 million tons.
As of October 1, 2022, the level of scrap metal stocks at Ukrainian steel enterprises is estimated at 35-40 thousand tons.