• EN
    • ES
  • About YIEH
  • About YIEH
    • About Us
    • Vision & Values
    • Affiliate Companies
    • Office Branch
    • Privacy Policy
    • Certificates
  • Products
    • Stainless Steel
    • Stainless Steel Hot Rolled Coil
    • Stainless Steel Cold Rolled Coil
    • Stainless Steel Strip
    • Stainless Steel Plate
    • Stainless Steel Checker Plate
    • Stainless Steel Sheet
    • Pre-painted Stainless Steel Coil / Sheet
    • Carbon Steel
    • Carbon Steel Hot Rolled Coil / Strip / Plate / Sheet
    • Carbon Steel Cold Rolled Coil / Strip / Sheet
    • Coated Steel
    • Hot-dip Galvanized Steel
    • Hot-dip Galvalume Steel / Hot-dip Galfan Steel (GL / GF)
    • PPGI / PPGL / PPGF
    • Electro Galvanized Steel (EGI)
    • Aluminum
    • Aluminum Sheet / Plate
    • Aluminum Coil / Strip
    • Aluminum Foil
    • Aluminum Tread Plate
    • Aluminum Embossed Coil
    • Aluminum Disc
    • Aluminum Customized Profile
    • Aluminum Architectural Profile
    • Aluminum Industrial Profile
    • Aluminum Channel
    • Color Coated Aluminum Coil / Sheet
    • Pipe/ Tube
    • Stainless Steel Welded Pipes / Tubes
    • Stainless Steel Seamless Pipes / Tubes
    • Carbon Steel Welded Pipes / Tubes
    • Carbon Steel Seamless Pipes / Tubes
    • Alloy Steel Seamless Pipes / Tubes
    • High Steel Grade Line Pipes
    • Aluminum Tube / Pipe
    • Bar
    • Stainless Steel Bar
    • Carbon Steel Bar
    • Hot Rolled Reinforcing Bar
    • Special Steel Bar
    • Aluminum Angle Bar
    • Aluminum Flat Bar
    • Aluminum Square Bar
    • Aluminum Round Bar
    • Wire Rod
    • Stainless Steel Wire Rod
    • Stainless Steel Wire
    • Carbon Steel Wire Rod
    • Galvanized Steel Wire Ropes
    • PVC Coated Galvanized Wire Ropes
    • Ungalvanized Steel Wire Ropes
    • Others
    • Recycling
    • Silicon Steel
    • Titanium / Nickel & Alloy
    • Abrasion Resistant Steel
    • Micro-alloyed Steel
    • Seamless and Welded Butt Weld Fitting
    • Forged Flanges
    • Stainless Steel Screws-YCS 550
    • Fasteners Solutions
  • Steel News

    Yieh Steel Market News

    LME Official Price Info

    Top Headline

    Colombia imposes provisional AD duties on China’s welded steel pipes
  • Customer Service
  • Marketing Platforms

    Coil Exchange Center

    CEC Q&A

    Why YIEH's Offer

    YIEH's Offer

  • Register
  • Inquiry
  • Catalogue
  • Privacy
    Catalogue Inquiry
    English Español

Steel News

We strive to let you one step ahead of the market.

Home Steel News Metinvest warns against scrap metal exports harming Ukrainian steel industry
  • Topic
  • Region
The Latest Stainless Steel Carbon Steel Aluminum Longs, Pipes, Tubes Raw Materials Industrial Activities Government Policies Decarbonization Others
Asia & Pacific China Middle East & Central Asia Europe Africa North America South & Central America Global

Metinvest warns against scrap metal exports harming Ukrainian steel industry

24 Apr 2025 15:53 reported by Evelyn Wu

A A A
Ukraine’s steel industry is facing mounting challenges due to an increase in scrap metal exports, which is damaging the local steel sector.

Oleksandr Myronenko, Chief Operating Officer of Metinvest Group, addressed this issue at the Business Wisdom Summit 2025, stating that scrap metal exports from Ukraine in 2024 increased nearly 6 times from 2022. 

Myronenko emphasized that Ukraine sells scrap for much less than the value of steel, with exports bringing in lower foreign exchange and taxes compared to using scrap domestically for steel production. 

The COO urged the government to limit scrap exports, as it is economically unprofitable for the state and detrimental to domestic steel manufacturing.

Additionally, Ukrainian steelmakers are dealing with rising energy and transportation costs, as well as a 10-15% shortage of employees in the group itself.

Back to Steel News

Related News

ANDRITZ to upgrade Tangsteel's galvanizing line for high-strength automotive steel

  • Industry Activities
  • 23 May 2025 15:42

Lloyds Metals and Energy partners with Hinduja Renewables for captive solar power

  • Industry Activities
  • 23 May 2025 15:40

United Steelworkers urge Trump to block Nippon Steel's takeover of U.S. Steel

  • Industry Activities
  • 23 May 2025 15:40

Tata Steel increases capacity with Kalinganagar plant expansion

  • Industry Activities
  • 23 May 2025 15:32

India's Shyam Metalics to set up wagon production plant in West Bengal

  • Industry Activities
  • 22 May 2025 15:41

Metal Price Index

  • Created with Highcharts 4.0.41. Apr1. May1. Jun13k14k15k16k17k
  • Created with Highcharts 4.0.41. Apr1. May1. Jun2400260028003000
  • Created with Highcharts 4.0.41. Apr1. May1. Jun2200240026002800
  • Created with Highcharts 4.0.41. Apr1. May1. Jun800085009000950010,00010,500
  • Nickel
  • Zinc
  • Aluminum
  • Copper

Learn more

LME Official Bid Price

  • USD / MT
  • Cash
  • 3 Months
  • Zinc
  • 2,661.50
  • 2,688.00
  • Aluminum
  • 2,445.00
  • 2,457.00
  • Copper
  • 9,492.50
  • 9,461.00
  • Nickel
  • 15,200.00
  • 15,400.00

Learn more

No 6, E-Da Road, Yanchao Dist., Kaohsiung City, Taiwan, 82445 R.O.C.

About YIEH Register Inquiry EN ES
Copyright © Yieh Corp. All Rights Reserved.