Ukraine keeps ferrous scrap prices unchanged for February
Major Ukrainian metallurgical companies agreed last week that operations with
scrap ferrous metals in February should be carried out at the same prices as those of
scrap metal in January, which are currently UAH 850 per ton (168$).
The decision to retain the current
scrap ferrous metal prices was made at a conference of representatives from the Ukrainian mining and metallurgical industry in Dnipropetrovsk last week.
In line with the statistics, about 6.4 million tons of
scrap metal were delivered to Ukrainian enterprises during 2005 which accounts for about 530,000 tons per month on average.
As previously reported by SteelOrbis, the recommended price for
scrap delivers during the November-December period was at UAH 930/mt ($184).
Meanwhile, a representative for the Ukrainian
Scrap Metals Association reportedly demanded that Metallurgprom to set a
scrap metal supply quota for the first half of this year, since
scrap metal resources are decreasing in
Ukraine.