NTMK and Seversk TZ decrease scrap procurement prices

Starting from April 10, 2006, Russian steelmaker Nizjnetagilsk MK's procurement price for A3 grade scrap was reduced by Ruble 200 per ton to Ruble 4,700-4,750 per ton ($169-171), including VAT and delivery cost. In addition, Russian pipe maker Seversk TZ is planning to decrease procurement price for A3 grade scrap by Ruble 250 per ton to Ruble 4,700-4,750 per ton, including VAT and delivery cost, starting from April 12, 2006.