The dynamics of the fall of the Ukrainian scrap market in November slowed down

According to the results of 11 months, the situation in the domestic ferrous scrap market remains in deep "minuses". The dynamics of the decrease in the key indicators of the scrap collection industry in November improved somewhat – the decline by the end of the period in annual terms was not 10%, but 8%.
The decline in key industry indicators over 11 months amounted to:
• scrap collection – by 7.9%, up to 2.77 million tons;
• supplies of scrap metal – by 7.8%, to 2.6 million tons.
During the same period, metallurgists significantly improved their production indicators and showed the following results:
• pig iron – an increase of 0.2% to 18.5 million tons;
• rolled products – a decrease of 0.8% to 16.6 million tons;
• steel – a decline of 3.4% to 18.6 million tonnes.
For the second year in a row, the export-import indicators of the industry have shown complete stagnation. For 11 months, the export of scrap metal decreased by 19.4% – to 32.9 thousand tons, imports – by 55.8%, to 21.1 thousand tons. In monetary terms, exports and imports of scrap metal in January-November amounted to only $ 8.6 million and $ 21.8 million.
Domestic scrap prices remain low compared to world prices. After a 2-month price calm, prices since the beginning of December have grown to UAH 5.95 thousand per ton, which does not at all correspond to the current quotes on the world market.
In the first decade of December, prices for HMS 1&2 (80:20) scrap in the Turkish market rose to $360/mt.
Signs of an improvement in the situation on the metal products market create prerequisites for a certain improvement in the situation in the scrap collection industry.
It is expected that by the end of 2020, scrap procurement in Ukraine will amount to 2.8 million tons, the supply of ferrous scrap  – 2.75 million tons.