Russian scrap market recovers – There was a slight recovery in the Russian scrap market in February. The procurement plan has not been completed. In January, almost all of the steel mills planned to increase their procurements in February. Owing to insufficient resources and low steel inventories, steel mills will continue to raise scrap purchase […] ↓ Read the rest of this entry…
Scrap prices in global market has been growing for sixth months in a row. Since the beginning of Nov., when the increase started, scrap prices increased 60-70 %. In the first half of Apr. the prices for the US HMS № 1&2 to Turkey reached $460-468 per ton CFR and in South-East Asian the traders […] ↓ Read the rest of this entry…
Demand for pig iron in Q1 in international market had a growth trend due to increase of steel smelting. In accordance with WSA data, by result of the first four months 2010 world steel smelting increased by 31.8% to 467.8 M tons. Russia is among the largest suppliers of merchant pig iron to international market. […] ↓ Read the rest of this entry…
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