Last week (July 17 - 23), metallurgical enterprises left purchase prices at the level of UAH 8,800/mt. Although the profitability of scrap metal purchases has decreased, it is above the standard value.
The prices of scrap collecting companies for grade 3 scrap in the regions were at the level of UAH 7.11-7.16 thousand per ton. The upper border of the price range prevails in the southeastern regions of the country.
Supplies to steel plants
Scrap deliveries to metallurgical plants (July 15-21) decreased to 63.9 thousand tons. In the previous week (July 8-14) there were 68.3 thousand tons. The demand for scrap was 63.3 thousand tons. metal plants in scrap last week amounted to 101.9%.
Remains in ports
Scrap stocks in ports decreased to 1 thousand tons. Last week it was 1.2 thousand tons.
Smelt steel
Steel production for July 15-21 increased to 418 thousand tons. In the previous week (July 8-14) it was 409 thousand tons.
Scrap stocks at metallurgical enterprises
Remains of scrap in the warehouses of metallurgical plants increased to 224 thousand tons. Last week it was 203 thousand tons. Inventories in working days are 25 days, which is 2 times higher than the standard value. The highest stocks at Dneprospetsstal - 102 days. The lowest - at Elektrostal - 14 days.
Domestic price forecast
In the coming weeks, scrap prices on the domestic market will be stable - the factories will evaluate the effect of the increase in quotations. The forecast average price next week is UAH 8800/mt.
Source: "Ukrpromvneshexpertiza"
