Enjoying a 20-fold increase in scrap metal export revenues during the first half of this year,
Ukraine’s scrap metal dealers association, UAVtormet, is fighting a proposal by Ukrmetallurgprom, the metals industry association, to ban exports of scrap. The year’s run up in world metal prices impacted Turkey, the destination for 97% of Ukraine’s scrap exports. Ukraine’s steel industry does not want to match the prices of scrap in Turkey, currently $412-455 a ton, reports Argus Media. During the first half of this year, Ukraine’s ferrous scrap metal exported increased 14-fold, to 230,970 tons, earning exporters $83 million.