Business news from Ukraine

UKRAINE INCREASES EXPORT OF SCRAP BY 20 TIMES

12 August , 2021  

In January-July of this year, enterprises engaged in operations with ferrous scrap increased the procurement of scrap metal by 43.1% compared to the same period last year, to 2.35 million tonnes.
As reported in the operational information of the Ukrainian Association of Secondary Metals (UAVtormet), the export of scrap metal for the specified reporting period amounted to 334,600 tonnes, which is 19.5 times more compared to the same period in 2020 (17,200 tonnes).
At the same time, the import of scrap in January-July amounted to 14,800 tonnes, which is 39.1% higher than in January-July-2020 (10,600 tonnes).
In January-July 2021, the supply of scrap to the country’s metallurgical enterprises increased by 23.1% compared to the same period last year, to 1.904 million tonnes. The level of stocks of scrap metal at metallurgical enterprises as of August 1, 2021 was estimated at 100,000-110,000 tonnes.

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