Local mills’ scrap purchase prices have once again increased across Russia, driven by the positive sentiment in the global market, higher finished steel prices in the country, and the necessity for the producers to secure raw materials. Russian scrap exporters from the Baltic region have naturally increased their purchase price levels further and to a larger extent compared to Russian mills. “Scrap prices in Turkey are still moving upwards despite the downturn in China and falling billet prices globally. Scrap has been underpriced for a while, so it will most probably remain strong for now,” a source told SteelOrbis.
Region |
Transportation |
Price (RUB/mt) |
Price ($/mt) |
Price change (RUB/mt) |
Price change ($/mt) |
Central |
Railway, FCA |
27,400 |
372 |
+500 |
+7 |
Ural |
Railway, FCA |
27,700 |
376 |
+600 |
+9 |
Southern |
Railway, FCA |
27,500 |
373 |
+200 |
+3 |
Exporters (Baltic region) |
Railway, CPT |
26,500 |
360 |
+1,000 |
+14 |
$1 = RUB 73.65
