Ukraine to determine scrap reserves in the country
At the request of the Ukrainian Government a research group will be set up to figure out the country's
scrap reserve levels within five days to enable the Kahrkiv State Economic Research Institute to determine the exact volume of
scrap from buildings and machinery thereafter.
Following the introduction of €30/mt export duty by the beginning of 2003, the
scrap exports from
Ukraine to international markets have shown a serious decrease. The annual
scrap requirement of the local mills in
Ukraine is forecast to be 7.3 million tons. There are reports in the industry pointing out to a recovery of local supply, however the
scrap collection in the first quarter of the year is comparatively down from last year same period quantities.
In order to identify the source of the supply problems, the industrial policy ministry will determine the
scrap reserve situation in
Ukraine and study to develop possible ways to improve current situation.