Business news from Ukraine


9 October , 2019  

Ukrainian enterprises in January-September 2019 decreased exports of ferrous scrap metal by 86.9% compared to the same period of 2018, to 40,633 tonnes (307,922 tonnes in January-September 2018).
According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 88.8%, to $11.273 million ($100.290 million a year ago).
Some 3,551 tonnes of scrap metal was exported in September, 155,000 in August, 204,000 tonnes in July, 208,000 tonnes in June, 8,068 tonnes in May, 8,791 tonnes in April, 8,246 in March, 8,252 tonnes in February and 3,140 tonnes in January.
At the same time, in January-September 2019, the country increased imports of scrap metal in kind by 48% compared to January-September 2018, to 43,503 tonnes. Imports in monetary terms decreased 0.2%, to $26.521 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (55.26% of deliveries in monetary terms), Russia (35.19%), and the Netherlands (2.51%); and major exports were shipped to Turkey (86.99%), the Netherlands (6.21%) and Germany (4.85%).
Ukrainian metal companies in January-September 2019 imported 1,462 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal. The HBI was imported from Russia through July-August for a total value of $478,000 when 1,539 tonnes of HBI was imported through January-September 2018 with a total value of $509,000.
As reported, Ukrainian enterprises in 2018 decreased exports of ferrous scrap metal by 33% compared to 2017, to 327,547 tonnes. Exports of scrap metal in monetary terms fell by 13.3%, to $105.646 million.

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