Ukrzaliznytsia sells scrap metal at prices significantly lower than world prices

Since the beginning of this year Ukrzaliznytsia has sold almost 137 thousand tons of ferrous scrap for UAH 1 billion (approximately USD 36 million). There were 27 successful auctions held in the electronic public procurement system “Prozoro. Sales” for this, informs Railway Supply magazine, citing information from the company’s press service.

Ukrzaliznytsia sells
(с) prozorro.sale

It is noted that on March 9-11, 16 auctions for the sale of scrap metal with a total amount of 85.6 thousand tons in the amount of UAH 569 million were held, which surpassed the results of the January auction.

Currently, as reported on the website of the UkrMet group of companies, prices for scrap metal in the world are growing. On the international market its cost is $ 450-460 per ton. At the same time, on the domestic market, Ukrzaliznytsia offers scrap at auctions at a price that is two times lower than the world price – an average of 6.5 thousand UAH per ton (about $ 235). Based on the sales results, the average price for a ton of scrap metal in the current year amounted to UAH 7.3 thousand ($ 260).

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