Scrap metal exports from Ukraine fell in the first eight months of 2016

According to statistics from Ukraine, in January-August 2016, the country exported 233,378 tons of steel scrap, down 76.5% year on year. Exports generated US $ 40.99 million. At the same time, Ukraine did not export scrap metal in July and August, but exports in June amounted to 26,780 tons of steel scrap, exports in May reached 112,577 tons.

However, during January-August 2016, Ukraine's scrap metal imports grew by 8.8% year-on-year to 15,664 tons. Scrap consumption at smelters is expected to increase, mainly due to the recent increase in coking coal prices. While scrap prices in Kiev remain stable, for more details visit http://promindustry .com.ua /.

The European ferrous scrap market is expected to remain more or less balanced in terms of supply and demand during the fourth quarter, driven by subdued demand for rolled steel and falling billet prices. Scrap prices in the region are forecast to move within a narrow range.

Statistics from the Bureau of International Recycling (BIR) show that the consumption of scrap steel for crude steel production in the EU-28 has dropped significantly. On the other hand, the EU-28 continues to be the largest exporter of scrap steel. At the same time, exports grew by more than 15% on an annualized basis in the first half of the year.

Scrap steel use in South Korea declined 7.1% year on year during. In addition, consumption of scrap metal in Russia, China and Japan decreased by 2.8%, 1.2% and 1%, respectively. At the same time, the use of scrap metal by Turkish factories increased by more than 2.2% during the first six months of this year to 13.26 million tons.