Business news from Ukraine

Business news from Ukraine

Ukraine for 9 months reduced scrap procurement by 73.5%

16 October , 2022  

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.