After approximately a month-long decrease in procurement prices for
scrap performed by Russian metallurgical enterprises, majority of them announced the positive correction for the procurement prices of
scrap last week.
Thus,
Severstal rose the procurement price for
scrap A3 by Ruble 200 per ton (approx $7.4) to Ruble 5,300 per ton (approx $196), Voljzkiy TZ and Red October rose the procurement price for
scrap A3 by Ruble 100-300 per ton (approx $ 7.4) to approximately Ruble 4,800-4,950 per ton (approximately $180.6).
The more stable procurement prices for
scrap are seen at
MMK,
NLMK and
Mechel, whose procurement prices for A3
scrap were still considerably high throughout May, regardless the decrease performed at the beginning of the month.
The main reasons behind the rise in the procurement prices for
scrap are the
scrap price rise in the world market and decrease in Russian
scrap collected volumes.