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Scrap metal procurement in Ukraine tripled in the first quarter of 2021

Ukraine

Scrap collectors in Ukraine have stepped up efforts to collect recyclable materials amid a sharp rise in scrap prices.

Scrap metal procurement in Ukraine tripled in the first quarter of 2021

During the first quarter of 2021, the volume of procurement of scrap metal in Ukraine increased by 28.2%. According to the Ukrainian Association of Secondary Metals ( UAVtormet ) in January - In March, 930,000 tons of scrap metal were procured.

"This trend is due to the high purchase prices of metallurgical enterprises, which were observed on the market during January-March," the association commented.

Supplies of scrap metal to Ukrainian metallurgical plants in the first quarter of 2021 increased by 23.1% compared to the same period of the previous year (to 837.7 thousand tons). Technological stocks of scrap metal at the enterprises are estimated at no less than 180.0 thousand tons.

Exports of scrap metal from Ukraine in January-March 2021 amounted to 49.1 thousand tons, which is almost three times more than in the same period last year.

Import of scrap metal to Ukraine in the first quarter of 2010 amounted to 5.6 thousand tons, which is also significantly higher than last year's figure, when 3.0 thousand tons of scrap metal were imported.

МЕТАЛЛУРГПРОМ
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