Last week, metallurgical enterprises increased purchase prices for ferrous scrap by UAH 250/mt – up to UAH 5950/mt. Rising prices for raw materials and improving market conditions on world markets are forcing metallurgists to buy more expensive.Supplies to metallurgical plants
Scrap deliveries to steel plants increased to 64.9 thousand tons compared to 62.4 thousand tons in the previous week. The demand for scrap was 65.4 thousand tons. The level of meeting the needs of metal plants for scrap last week amounted to 100.2%.
Remains in the ports of Ukraine
Scrap stocks in ports dropped to 1,000 tons. compared to 1.4 thousand tons in the previous week.
Dynamics of steel smelting
Steel production fell to 421 thousand tons, compared to 436 thousand tons in the previous week.
Warehouse stocks of scrap at metallurgical enterprises
Remains of scrap in warehouses of steel plants decreased to 112 thousand tons compared to 113 thousand tons in the previous week. Inventories in working days are 12 days, which corresponds to the standard value.
Domestic scrap price forecast
In the coming weeks, in the domestic market of Ukraine, the factories may go for another increase in purchase prices against the background of rising billet prices and a high probability of continued growth in the cost of scrap metal on foreign markets. Forecast average price next week – UAH 5950/mt.
Source:"Ukrpromvneshexpertiza"
