Russian steel pipe body seeks ferrous scrap export quota

摘要

London—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.