Severstal ups procurement price for A3 scrap

SteelOrbis has learned that the Russian steel mill Severstal has hiked its procurement price for A3 scrap by Ruble 200/mt ($8) to Ruble 5,900-6,100/mt ($226) including VAT. Regardless of Severstal's unilateral move, the average price of A3 grade scrap in the Russian domestic market is still standing in the range of Ruble 5,450-6,400/mt ($204-240) including VAT.