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There are already 779 enterprises in Ukraine that officially carry out operations with scrap metal

Ukraine

Against the background of sharply rising prices for scrap metal on the world market and liberal legislation in Ukraine, the number of companies engaged in the collection and sale of metallurgical raw materials is sharply increasing.

There are already 779 enterprises in Ukraine that officially carry out operations with scrap metal

As of September 17, 779 entities were included in the list of business entities engaged in procurement or operations with scrap metal. This was reported by the Ministry of Strategic Industries of Ukraine.

The Ministry maintains a list of business entities engaged in procurement and operations with scrap metal, in accordance with the amendments to the Law of Ukraine "On Scrap Metal", which entered into force on July 14, 2020.

“Changes in legislation are aimed at bringing the work of scrap collectors out of the shadows. In particular, it is stipulated that the central executive body, which ensures the formation and implements of the state industrial policy, has the right to enter information on business entities into the list, ”the Ministry of Strategic Industry noted.

According to the current legislation, the fact that an enterprise is in the specified list is the only and sufficient proof of the legality of operations with scrap metal.

Recall that in Ukraine since the beginning of this year there has been a boom in the scrap metal market. The export of this strategically important raw material for the country's metallurgical industry has grown 19.93 times in eight months compared to the same period last year - up to 410.43 thousand tons, including 75.84 thousand tons of scrap were exported from Ukraine in August ... According to statistics released by the State Customs Service on September 15, in monetary terms, the export of scrap metal increased 29.5 times - up to 157.15 million dollars.

Earlier it was reported that according to the operational information of the Ukrainian Association of Secondary Metals, enterprises working with ferrous scrap in January-August 2021 increased the procurement of scrap metal by 44.8% compared to the same period last year - up to 2.76 million tons.

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