According to market sources, the A3 grade scrap purchase price of Russian steel producer Novorosmetall Steel in its domestic market has increased by RUB 350/mt ($6/mt) during the past two weeks to RUB 11,300/mt ($179/mt) delivered to customer.
Meanwhile, another Russian mill Tagmet's domestic A3 grade scrap purchase price has remained unchanged over the past week at RUB 12,200/mt ($193/mt) delivered to customer.
Additionally, REMZ Steel has raised its A3 grade scrap purchase prices over the same period by RUB 400/mt ($6mt) to RUB 12,300/mt ($195/mt) delivered to customer.
$1 = RUB 63.14