Russian steel mills raise procurement prices for scrap

MMK, ZSMK and NKMK announced an increase in procurement prices for scrap. Thus, MMK's procurement price for scrap rose to Rubles 5,300-5,450 (approximately $194) per ton, with VAT and delivery from Rubles 5,200-5,250 (approximately $187) per ton a week ago. ZSMK and NKMK procurement prices of scrap rose to Rubles 5,200-5,250 (approximately $187) per ton, with VAT and delivery from Rubles 5,100 (approximately $183) per ton last week.