As the end of the month of June is approaching, most scrap buyers in Russia have once again revised their purchase prices. The producers have taken a different approach on price trends, most probably based on the market situation for finished steel depending on the region. In the meantime, the situation in the exporters’ segment has shown a clear downturn, following the weaker import scrap market in Turkey. In addition, freight rates have increased over the past couple of weeks for all commodities, including steel scrap, and so the companies which are selling scrap abroad, have been feeling pressure on their FOB levels.
Scrap market players in Russia are still trying to evaluate the situation regarding protective measures. Still, no official announcement has been made regarding the earlier announced export duty increase from €45/mt to €70/mt. Sources expect it to be signed on July 1 and to come into force from August 1 this year.
In addition, the Eurasian Economic Commission is going to hold a meeting on the suggested measures regarding scrap export restrictions from the member countries on June 30, SteelOrbis has learned. Initially, the Commission suggested a full ban of scrap exports, while later it was suggested that a quota system for six months should be imposed. According to the paper, Russia would be limited to 2 million mt of exports. The mentioned initiative was explained as an attempt to introduce a unified approach by member states regarding scrap exports. However, Russia’s reaction has been negative, taking into account its position as an exporter.
Region |
Transportation |
Price (RUB/mt) |
Price ($/mt) |
Price change (RUB/mt) |
Price change ($/mt) |
Central |
Railway, FCA |
28,100 |
387 |
-400 |
-2 |
Ural |
Railway, FCA |
28,600 |
394 |
+200 |
+6 |
Exporters (Baltic region) |
Railway, CPT |
26,300-27,300 |
362-376 |
-1,000/-700- |
-11/-7 |
$1 = RUB 72.58
