NLMK decreases scrap procurement price
Russian steelmaker Novolipetsk Steel (NLMK) decreased procurement prices for A3 grade scrap to Ruble 4,850-4,950 per ton (approx. $182) starting from May 15. This price level indicates further decrease in NLMK procurement prices for A3 grade scrap by Ruble100 per ton (approx. $3.71) since last week. Other Russian steelmakers have not announced any changes in their procurement prices for scrap yet.