The Russian scrap collecting/processing company Profit has announced that in 2008 its total scrap deliveries decreased by 14.9 percent year on year to 4.410 million metric tons.
Scrap deliveries to Russian steel producer Magnitogorsk Iron and Steel Works (MMK) saw a decrease of 10.2 percent in 2008 to 3.742 million metric tons, while supplies to other consumers went down by 34.1 percent to 668,000 metric tons, compared with the data for 2007.
In 2008, Profit supplied 4.55 million metric tons of metal charge to MMK - down 9.8 percent year on year.