Business news from Ukraine


14 October , 2020  

Ukrainian enterprises in January-September of this year reduced export of scrap metal by 38.1% compared to the same period last year, to 25,158 tonnes (40,633 tonnes were exported in January-September 2019).
According to statistics released by the State Customs Service, in terms of money, scrap exports fell by 42.7%, to $6.458 million.
In January, 2,865 tonnes of scrap metal were exported, in February some 8,014 tonnes, in March 493 tonnes, in April 256 tonnes, and in May 4,861 tonnes, in June 316 tonnes, in July 402 tonnes, in August 3,391 tonnes, and in September 4,560 tonnes
At the same time, in January-September of this year, the country reduced imports of scrap metal in natural terms by 68.8% compared to the same period last year, to 13,575 tonnes. In monetary terms, this indicator decreased by 41.6%, to $15.488 million.
In addition, the metal enterprises of Ukraine in January-September 2020 imported 1,602 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 in the amount of $481,000, whereas in January-September 2019 some 1,462 tonnes for $478,000 was exported.

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