Russian scrap steady after holidays

摘要

Despite the decline in supply, Russian steelmakers keep their scrap purchase prices unchanged. Being stockpiledenough, customers are waiting for the industry to get back on its regular schedule after a long holiday period.In the Central Federal District, А3 scrap quotes are unchanged at RUB 15,100?15,600/t (here and below without 20%VAT, FCA scrap collector, $1 = RUB 66.86), although due to the sharp rouble appreciation, the US dollar prices ralliedby $7/t to $226?233/t compared to the end of last year. In the Ural Federal District, purchase prices remained atRUB 14,800?15,600/t ($221?233/t against $215?226/t).