Victor Makushin, president of
Russia's largest
scrap processing industrial group MAIR, has declared that
Russia and
Ukraine may start importing
scrap in the very near future due to the drop seen in
scrap collection volumes in these countries.
If the
scrap collection level continues to decrease in
Ukraine, it is quite possible that in three to four years, the country will have to start importing
scrap, Mr. Makushin clarified. He also emphasized that due to the continuous price rise for
scrap in
Russia – caused by difficulties in the collection of this raw material - domestic prices may surpass US domestic
scrap prices within two to three years.