Metallurgists conducted another drop in scrap quotations against the background of falling demand for rolled steel and the stagnation of foreign markets for steel raw materials. At the moment, the average market purchase price of plants is 5900 UAH / ton.
Supplies to the metal plants.
Procurement in the regions of Ukraine continues to stagnate against the background of the ongoing decline in purchasing prices in the domestic market. Over the last week, total shipments amounted to 69 thousand tons, which is 5 thousand tons or 6% less than a week earlier.
Remains in the ports of Ukraine.
Scrap stocks in the ports of Ukraine have slightly decreased and currently amount to 3.8 thousand tons
Dynamics of steel production.
Steel production remained unchanged - 359 thousand tons. Elektrostal resumed production after improving demand for finished products.
Stocks of scrap at iron and steel works.
Remains of scrap in the warehouses of factories increased to 244 thousand tons, again updating the local maximum. The indicator of stocks in the days of work was 30 days, which is almost three times higher than the standard value. However, a further decline in purchase prices is hardly possible due to a significant drop in scrap collection in the regions of the country.
Forecast domestic prices for scrap.
After a series of significant price cuts in the domestic market, the procurement of raw materials in the regions has significantly subsided, which will keep factories from further lowering quotations. After two or three weeks, it is quite possible to change the trend for an upward trend due to the occurrence of undersupply of scrap. Next week's forecast average price is 5257 UAH / t
Information according to the state enterprise "Ukrpromvneshnekspertiza".
