In 2021, the volumes of scrap metal procurement in Ukraine continued to increase - they increased by 34.6% (about 4.13 million tons of scrap metal were procured). This trend is due to the balance of the Ukrainian market due to acceptable purchase prices from metallurgical enterprises, as well as the high activity of exporters.
Scrap metal supplies to Ukrainian metallurgical plants in 2021 increased by 15.0% year-on-year to 3.32 million tons. The declared needs of Ukrainian metallurgists in scrap metal during the reporting period were fully met with an excess of 0.5%. Thus, according to the non-profit and non-profit association of enterprises UAVtormet, the deficit of scrap metal on the Ukrainian market is not confirmed.
Technological stocks of scrap metal at enterprises have also increased and are estimated at no less than 180.0-185.0 thousand tons.
Exports of scrap metal in 2021 amounted to 615.7 thousand tons, which is a significant increase in supplies compared to the same period last year, when only 35.9 thousand tons were exported. According to UAVtormet, the growth in exports is due to the favorable situation in foreign markets and the corresponding price levels, as well as to the pro-cypher of scrap metal in the domestic market.
Scrap scrapers expect a further decline in scrap purchase prices on the Ukrainian domestic market to $ 300 per tonne, while export prices remain high above $ 400 per tonne.
