Business news from Ukraine

Ukraine reduced production of scrap by 77%

19 December , 2022  

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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