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Russian producers to keep up scrap exports despite ban

January 27, 2012 - 10:34 GMT Location: Moscow

KEYWORDS: Russia , ferrous scrap , South Korea

Russian ferrous scrap producers will keep export levels high despite the ban on material being shipped from most of the country’s eastern ports coming into force in February, market participants told Metal Bulletin.

Prime minister Vladimir Putin signed a decree late in 2011 banning exports of ferrous and non-ferrous metals from the country’s eastern sea ports except for facilities in Magadan. The restriction, which comes into force on February 13, does not cover exports to Belarus and Kazakhstan, which are both members of the Customs Union with Russia. Market participants told Metal Bulletin the measures were principally intended to help Amurmetall, the Russian rolled steel producer in the east of the country that was saved from bankruptcy by the state-run Vnesheconombank, which took control of the enterprise in 2009. The Ministry of Industry & Trade said it could not comment at the moment, and no Amurmetall spokespeople were available for comment prior to publication. A source close to Amurmetall said the company did not expect any significant changes in its...

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Ferrous

May 24, 2012 00:29 Harsco renews three multiyear contracts in US
May 23, 2012 14:45 DAILY SCRAP REPORT: Index unchanged on lack of new offers
May 23, 2012 10:24 China halts scrap imports on weak domestic market
May 23, 2012 08:53 SE Asia scrap prices down $15-20 as buyers await market cues
May 23, 2012 00:35 US recyclers facing bankruptcy filings

Ferrous Scrap

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