Russian scrap supplier Profit minimizes deliveries to MMK in November

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.