Supplies to the metal plants.
Scrap supplies slightly increased over the last week and amounted to 39 thousand tons. Volumes of supply are clearly insufficient for comfortable operation of metallurgical plants.
Remains in the ports of Ukraine.
Scrap stocks in the ports of Ukraine have decreased and currently amount to 5.4 thousand tons.
Dynamics of steelmaking.
Steel production rose to 436 thousand tons, which is 1% more than a week earlier. MMK them. Ilyich reduced smelting by 15% - to 65 thousand tons.
The balance of scrap at the plants.
The level of satisfaction of the needs of metallurgical plants for imported scrap amounted to 68%. The deficit persists for the seventh consecutive week, forcing factories to consume stoc
Stocks of scrap at iron and steel works.
Remains of scrap in the warehouses of factories fell to 76 thousand tons. The indicator of stocks in the days of work was 9 days, which is below the standard level. The rapid reduction in stocks will keep factories from reducing purchase prices in the short term.
Forecast domestic price for scrap.
In the coming weeks, scrap quotes in the domestic market will fluctuate in the current price range. The increase in export duty from 42 to 58 euro / ton will put pressure on domestic quotes for scrap. However, it is unlikely that it will lead to lower prices due to limited supply and declining stocks. The forecast average price next week is 6500 UAH / ton.
