Ukraine Sets Ferrous Scrap Price

The decision to retain the current prices was made at a conference of representatives from the Ukrainian mining and metallurgical industry  Jan. 18.

Ivan Zaitsev, a representative for the Ukrainian Scrap Metals Association, said about 6.4 million metric tons of scrap metal were delivered to Ukrainian companies last year, about 530,000 metric tons per month on average.

The largest deliveries came in April at 740,000 metric tons, while the lowest amount was in June at 382,000 metric tons, he added.

Scrap metal resources are dwindling in Ukraine since no new equipment is being introduced and old pipes are not being replaced, he said. If the equipment were to be replaced, the older metal could then be used as scrap metal.

Zaitsev appealed to Metallurgprom to set a scrap metal supply quota for the first half of this year.