Ukraine Cuts Scrap Exports

Ukraine reduced its ferrous scrap exports by more than 20 percent for the first month of the year, compared to the previous month. For January, the country exported 162,900 metric tons, compared to the previous month’s figure of 175,700 metric tons.

According to Interfax, the country expects to further reduce its ferrous scrap exports this month, with the expectation than no more than 150,000 metric tons of ferrous scrap exported for the month

Meanwhile, steel mill in the Ukraine have taken in around 465,600 metric tons during January.

Ukrainian ferrous scrap exports increased by 35.2 percent last year to 2.44 million metric tons. At the same time, supplies to the country's own steel mills grew 15.6 percent to 6.91 million metric tons.