Ukraine’s Parliament Verkhovna Rada has passed an amendment to increased scrap export duty from EUR 58 per tonne to EUR 180 per tonne, for preventing scrap deficit in the domestic market. Earlier, Ukraine’s Ministry of Economy had developed and submitted for consideration to the Cabinet of Ministers a draft law on increasing the export duty to EUR 200 per tonne. However, on 10 November, the Cabinet returned this document to the Ministry of Economy. Ukrainian steel producers have advocated a ban on scrap exports until 2023 to maintain sustainable operations of Ukrainian companies. In turn, associations of scrap collectors opposed the initiative. Specifically, UAVtormet insisted on an objective examination of the ban’s implications for the scrap collection market.Over the past few years, Ukraine applied a scrap export duty of EUR 58 per tonne. In May 2021, President of Ukraine Mr Volodymyr Zelenskyi had extended the applicable scrap export duty for another five years, until 15 September 2026.
Ukraine’s Parliament Verkhovna Rada has passed an amendment to increased scrap export duty from EUR 58 per tonne to EUR 180 per tonne, for preventing scrap deficit in the domestic market. Earlier, Ukraine’s Ministry of Economy had developed and submitted for consideration to the Cabinet of Ministers a draft law on increasing the export duty to EUR 200 per tonne. However, on 10 November, the Cabinet returned this document to the Ministry of Economy. Ukrainian steel producers have advocated a ban on scrap exports until 2023 to maintain sustainable operations of Ukrainian companies. In turn, associations of scrap collectors opposed the initiative. Specifically, UAVtormet insisted on an objective examination of the ban’s implications for the scrap collection market.Over the past few years, Ukraine applied a scrap export duty of EUR 58 per tonne. In May 2021, President of Ukraine Mr Volodymyr Zelenskyi had extended the applicable scrap export duty for another five years, until 15 September 2026.
