Scrap prices keep surging in russia

摘要

Scrap prices keep surging in Russia in late July. Aiming not to affect supplies dynamics, consumers continue to compete with each other, pushing scrap purchase prices up.Mills from all regions raised their bids for A3 delivered by railway. However, the largest traders also have a signifcant impact on the increase, insiders say. “Traders are achieving higher scrap bids from mills, saying it is necessary to secure stable supplies. Since they cooperate with many consumers, this has been repeated for a number of weeks,” the segment’s representative told Metal Expert.