According to market sources, the A3 grade
scrap purchase prices of Russian steel producers Novorosmetall Steel and REMZ Steel in their domestic market have remained stable week on week at RUB 11,600/mt ($181/mt) and RUB 11,800/mt ($184/mt), respectively, both delivered to customer. Meanwhile, another Russian mill Tagmet's domestic A3 grade
scrap purchase price is currently at RUB 12,000/mt ($187/mt), delivered to customer.
In the coming period, domestic
scrap prices in the Russian market are expected to decline slightly due to the competitive environment in
Russia.
$1 = RUB 64.02