According to market sources, the A3 grade scrap purchase price of Russian steel producer Novorosmetall Steel in its domestic market has increased by RUB 300/mt ($5/mt) since August 25 to RUB 11,500-11,800/mt ($178-182/mt) delivered to customer.
Meanwhile, another Russian mill Tagmet’s domestic A3 grade scrap purchase price has increased by RUB 1,000/mt ($16/mt) in the same period to RUB 12,200/mt ($188/mt) delivered to customer.
Additionally, REMZ Steel has increased its A3 grade scrap purchase price by RUB 500/mt ($8/mt) over the same period to RUB 12,200/mt ($188/mt) delivered to customer.
Meanwhile, demand in the Russian scrap market has recovered slightly after the end of the summer holiday.
$1 = RUB 64.86