The Russian
scrap collecting/processing company Profit has announced that it will reduce to a minimum its
scrap deliveries for November to the Russian steel producer Magnitogorsk Iron and Steel Works (
MMK), as this steelmaker has said it intends to mainly use
scrap from its storage.
During the first ten months of 2008, Profit's metal charge deliveries to
MMK amounted to 4.25 million mt. In October alone, the company delivered to
MMK a total of 246,000 mt of metal charge, including 209,000 mt of
scrap, four percent more than had been planned.