Metallurgical plants decided to reduce prices due to falling trade margins and rising stocks. At the moment, the average market purchase price of plants is 7669 UAH / ton.
Deliveries. Scrap supplies to steel mills continued to decline. In the last week, 53 thousand tons were shipped, which is 24% less than a week earlier.
Remains in the ports. Scrap stocks in the ports of Ukraine remained unchanged and currently amount to 6.7 thousand tons.
The dynamics of steel production. Steel production increased to 429 thousand tons, which is 22 thousand tons more than a week earlier. MK Azovstal has increased production by 30%.
The balance of scrap at the plants. On the domestic scrap market, there was a slight shortage of raw materials amid short shipments.
Stocks of scrap at iron and steel works. Stocks remained unchanged - 184 thousand tons, which is the maximum for the last year.
Forecast of domestic and export prices for scrap.
Given the high stocks and lower prices for metal, scrap quotes on the domestic market will continue to decline. The forecast average price for the next week is UAH 7669 / ton.
Quite a significant supply in the Turkish market, as well as the completion of the replenishment of stocks by large importers, will cause a decrease in export prices for steel raw materials in the coming month. The predicted price range for scrap next week is $ 325-340 / t cif
The review was prepared on the basis of the data of the state enterprise “Ukrpromvneshnekspertiza”
