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Demand for scrap metal in Ukraine exceeds supply by 5%

Ukraine / Ferrous metallurgy
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Ukrpromvneshekspertiza estimates the deficit of ferrous scrap last week at 15.4 thousand tons.

Demand for scrap metal in Ukraine exceeds supply by 5%

Scrap supplies to metallurgical plants in Ukraine on June 10-16 decreased to 58.3 thousand tons. Last week (June 3-9) 76.5 thousand tons were supplied to the plants. The demand for scrap last week amounted to 61.1 thousand tons, which indicates a deficit in the supply of scrap at the level of 5% of demand.

Last week, metallurgists did not change purchase prices, leaving them at the level of 8,000 hryvnia per tonne at world prices of about $ 500 (13,500 hryvnia) per tonne. The prices of scrap collecting companies for grade 3 scrap in the regions were at the level of 6,460 - 6,510 thousand hryvnia per ton. The upper border of the price range prevails in the southeastern regions of the country.

Scrap metal stocks in Ukrainian ports fell last week to 1.4 thousand tons. Last week, they amounted to 1.6 thousand tons.

Remains of scrap in the warehouses of metallurgical plants decreased to 305 thousand tons. Last week there were 330 thousand tons. Scrap stocks are 35 days, which is three times higher than the standard value. The highest stocks at Dneprospetsstal - 84 days. The lowest - at Azovstal - 20 days.

As predicted by Ukrpromvneshexpertiza, the downward reversal of prices for rolled metal and scrap on foreign markets will push Ukrainian factories to lower purchase prices on the domestic market in the coming weeks. The forecast average price next week is UAH 8,000 per ton.

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