Quarantine measures to keep weighing on Russian scrap market

摘要

The slowdown of scrap collection amid anti-pandemic measures continues exerting pressure on the Russian steel scrap market. According to market sources, scrap collection in Russian regions plunged by an average of 40-50% in March-April, with no signs of a seasonal increase. Already low in March, scrap supply to mills fell by 6% m-o-m and by nearly 30% y-o-y in April.