Scrap prices rise in Russian domestic market
SteelOrbis has learned that following the price hike announced by Severstal late last week, several other Russian steel mills have increased their procurement prices for A3 grade scrap by Ruble 200-400/mt ($8-15). However, these changes affected only the upper level of the market price. The current price level for A3 grade scrap in the Russian domestic make stands at Ruble 5,850-7,300/mt ($225-281).