Last week (July 23 – 30), metallurgical enterprises increased purchase prices by UAH 800 to UAH 9600 / t. The profitability of scrap metal purchases has significantly decreased, but is higher than the standard value.
The prices of scrap collecting companies for grade 3 scrap in the regions were at the level of UAH 7.76-7.8 thousand per ton. The upper border of the price range prevails in the southeastern regions of the country.
Supplies to steel plants
Scrap supplies to metallurgical plants (July 22-28) decreased to 61.4 thousand tons. In the previous week (July 15-21) there were 63.9 thousand tons. The demand for scrap was 60.2 thousand tons. metal plants in scrap last week amounted to 103%.
Remains in ports
Scrap stocks in ports increased to 1.4 thousand tons. Last week it was 1 thousand tons.
Smelt steel
Steel production for July 22-28 decreased to 400 thousand tons. Last week (July 15-21) it was 418 thousand tons.
Scrap stocks at metallurgical enterprises
Remains of scrap in the warehouses of metallurgical plants decreased to 190 thousand tons. Last week it was 224 thousand tons. Inventories in working days are 23 days, which is 2 times higher than the standard value. The highest stocks at Dneprospetsstal – 58 days. The lowest – at Azovstal – 11 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 for the current week is UAH 9600/mt.
Source: "Ukrpromvneshexpertiza"
