Russian steel pipe group seeks ferrous scrap export restrictions

摘要

A Russian steel pipe manufacturing lobby group has asked for a ferrous scrap export quota of less than half the country’s usual export volume to help prevent shortages domestically, but a body representing the scrap industry claims the restriction will dent supply even more. The Russian Pipe Industry Development Fund (FRTP) has requested the government reintroduce a six- month export quota for ferrous scrap, the collection of which dropped steeply during the March-to-May COVID-19 restrictions on businesses and may fall 10%-15% this year to 22.8 million-24.1 million mt.