Metallurgy Market News

Ukraine reduced collection of scrap metal in 2020 by 8.6%

The non-profit association of enterprises UAVtormet predicts a further reduction in the volume of procurement of scrap metal in 2021.

In 2020, the volume of procurement of scrap metal in Ukraine continued to decline and by the end of the year fell by 8.6% to about 3.01 million tons. reported in a non-profit association of enterprises UAVtormet.

Scrap metal supplies to Ukrainian metallurgical plants for 12 months of 2020 decreased by 3.9% compared to the same period of the previous year to 2.8 million tons. Technological stocks of scrap metal at the enterprises are estimated at 170-175 thousand tons.

Exports of Ukrainian scrap metal in 2020 amounted to only 35.9 thousand tons, a decrease of 15% compared to 2019.

Imports of scrap metal in the same period amounted to only 26.4 thousand tons, which is 47.1% less than last year.