Scrap metal collection in Ukraine increased by one and a half times due to high prices
During the first two months of 2021, the volume of scrap metal procurement in Ukraine increased by 49.2% - in total, about 639.2 thousand tons of scrap metal were procured. reported in a non-commercial and unprofitable combination of enterprises UAVtormet.
According to the association, this trend is due to high prices that were observed on the market during January-February.
Supplies of scrap metal to Ukrainian metallurgical plants in January-February 2021 increased by 45.7% compared to the same period of the previous year and amounted to 578.6 thousand tons. Technological stocks of scrap metal at the enterprises are estimated at no less than 250.0 thousand tons.
Exports of scrap metal in January-February 2021 amounted to 30.2 thousand tons, while the increase in supplies compared to the same period last year amounted to 300%.
Imports of scrap metal in the same period amounted to 3.1 thousand tons, which is significantly higher than last year's figure, when 1.6 thousand tons of scrap metal were imported.
Recall that the Verkhovna Rada of Ukraine has registered a bill No. 5175 to extend the export duty on scrap metal in the amount of 58 euros /ton for five years.
According to Oleksandr Kalenkov, President of Ukrmetallurgprom, the decision to extend the export duty is very timely and important for Ukrainian metallurgists.
The export duty has proven to be effective since its introduction in 2016. If in 2015 the physical volumes of export of scrap metal procured in Ukraine amounted to 39.1% of its domestic consumption, then in January-November 2020 it amounted to 1.27%. The prolongation of the export duty since 2016 ensured the rate of development of GDP growth by 0.24%, and made it possible to preserve and create 25 thousand jobs.