Weekly review April 12-19

22.04.2019

Supplies to the metal plants.

Last week, total shipments rose to 79.5 thousand tons, which is 11 thousand tons or 16% more than a week earlier. Traders and collectors are in a hurry to unload the warehouses on the eve of the next drop in purchase prices in the domestic market.

Remains in the ports of Ukraine.

Scrap stocks in the ports of Ukraine have slightly increased and currently amount to 6.2 thousand tons

Dynamics of steel production.

Steel production rose to 475 thousand tons, which is 4 thousand tons or 1% more, than a week earlier. Current smelting figures are at their highest level in the last two years.

Stocks of scrap at iron and steel works.

Remains of scrap in the warehouses of factories increased to 89 thousand tons. The indicator of stocks in the days of work was 9 days, which is three days lower than the standard level.

Forecast domestic prices for scrap.

In the coming weeks, the procurement prices in the domestic market will continue to decline due to weaker demand for rolled steel and a drop in export quotations. The forecast average price for this week is 6650 UAH / ton.

Information according to the State Enterprise "Ukrpromvneshnekspertiza"


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