[ Ukrainian Steelmakers Demand Extension of Scrap Export Ban ]

Published: Oct 13, 2026 15:14 (GMT+8)

Save

Domestic steelmakers in Ukraine issued a formal demand on October 12, 2026, insisting that the government extend the zero quota on ferrous scrap exports. Industry advocates argue that the survival and eventual recovery of the heavily damaged iron and steel sector depend entirely on retaining localized scrap supplies for electric arc furnace operations. Lifting the export ban would allow critical secondary metallics to bleed out to Turkey and the EU, artificially driving up feedstock costs for struggling local mills. [SMM Iron Ore]

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

MMi Daily Iron Ore Report (October 13)

DCE iron ore futures were weaker today. The most-traded I2701 contract settled at 677 yuan/mt, down 1.1% from the previous session. Qingdao port spot prices fell about 3 yuan/mt on average. Traders were reluctant to offer and some held back from quoting altogether. Mill enquiries were reasonable but overall trading was limited.

2 hours ago

3 hours ago

[SMM Iron Ore] Maintenance losses climb to 1.9 million mt as lower freight erodes cost support

3 hours ago

4 hours ago

[ World Steel Revises 2026 Demand Outlook to Slight Contraction ]

The World Steel Association officially cut its 2026 global demand outlook on October 12, 2026, now forecasting a slight overall contraction in worldwide consumption. Despite the pessimistic global adjustment, the association reiterated that India remains the world's primary growth engine, projecting Indian domestic demand to surge by 7.9% in 2026 and 8.0% in 2027. This divergent trend cements India's critical role in absorbing future seaborne metallurgical coal and high-grade iron ore volumes as Western markets stagnate. [SMM Iron Ore]

4 hours ago