Weekly review 08.02-15.02

15.02.2019

Supplies to the metal plants.

 Scrap supplies continue to decline amid a very weak scrap collection in the country's regions. Over the last week, about 36 thousand tons were delivered, which is the minimum value for the last 2 years. 

 Remains in the ports of Ukraine.

 Scrap stocks in the ports of Ukraine have slightly decreased and currently amount to 5.7 thousand tons. 

 Dynamics of steelmaking.

 Steel production rose to 417 thousand tons, which is 4% more than a week earlier. It should be noted the restoration of production at Azovstal Iron & Steel Works, which over the past week increased smelting by 60%.

 The balance of scrap at the plants.

 The level of satisfaction of the needs of metallurgical plants in imported scrap amounted to 65%. Deficiency increases, forcing factories to consume stocks.

 Stocks of scrap at iron and steel works.

 Remains of scrap in warehouses fell to their lowest level in the last five months and amounted to 126 thousand tons. The indicator of stocks in the days of work amounted to 15 days, which almost corresponds to the standard value.

 Forecast domestic price for scrap.

 In the coming weeks, steel mills will lead another increase in scrap quotations amid rising prices for metal and still very low productivity scrap collecting. The forecast average price next week is 6900 UAH / ton.



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