Ukrainian Railways to Hold Meeting on Scrap Metal Sales with Businesses

Ukrainian Railways Meeting to Discuss Scrap Metal Sales

Ukrainian Railways plans a significant meeting on September 11 to engage companies interested in purchasing scrap metal. The discussion will focus on reviewing the results of previous auctions and gathering feedback from market participants. The meeting aims to address volumes, sales conditions, pricing approaches, and potential changes to improve auction processes.

This event also offers a platform to explore long-term contract possibilities and other critical business matters related to scrap metal sales. The meeting will take place at Kyiv-Pasazhyrskyi Central Station’s lounge, providing a convenient venue for industry stakeholders.

Market Trends and Auction Outcomes in Ukrainian Scrap Metal Sales

Ukrainian Railways restarted scrap metal trading in May 2024 after a pause since September 2023. Before the suspension, the railway operator sold 76,400 tons of scrap metal in the first nine months of 2023, compared to 113,000 tons in 2022. Despite the dip, scrap metal collection in Ukraine surged by 37% year-on-year in 2024, reaching over 1.7 million tons. Deliveries to steel enterprises also grew 30% year-on-year to 1.34 million tons.

The meeting aims to optimize auction conditions and volume sales, reflecting the market’s robust recovery and increasing demand. Ukrainian Railways seeks to enhance transparency and efficiency in scrap metal sales, benefiting both suppliers and buyers.

SuperMetalPrice Commentary:

Ukrainian Railways’ meeting signifies a proactive step in streamlining scrap metal sales amid growing domestic metal recycling demand. The focus on auction results and contract terms shows a strategic effort to stabilize pricing and supply chains. As Ukraine’s scrap metal market expands, improved auction mechanisms can attract more business and foster sustainable growth, aligning with global trends in resource efficiency.