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Six times more scrap metal was exported from Ukraine in January than in December - UAVtormet

Ukraine

As a result of rising prices in the market of metallurgical raw materials, metallurgical plants of Ukraine have increased the purchase of scrap metal, however, the export of strategic raw materials is growing rapidly.

Six times more scrap metal was exported from Ukraine in January than in December - UAVtormet

During the first month of 2021, the volumes of scrap metal procurement in Ukraine increased by 61.7% (about 318.0 thousand tons of scrap metal were procured). According to the non-profit association UAVtormet , this trend is due to High prices that were observed on the market during January.

Scrap metal supplies to Ukrainian metallurgical plants in January 2021 increased by 53.7% compared to the same period last year (up to 283.7 thousand tons). Technological stocks of scrap metal at the enterprises are estimated by the amalgamation at 170.0-175.0 thousand tons.

Exports of scrap metal in January 2021 amounted to 19.2 thousand tons (an increase in supplies compared to the same period last year by almost 6.8 times).

Imports of scrap metal in the same period amounted to 2.1 thousand tons, which significantly exceeded the last year's figure, when 0.4 thousand tons of scrap metal were imported.

UAVtormet noted that market indicators for January cannot, by their very nature, correctly reflect market trends.

МЕТАЛЛУРГПРОМ
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