In January – March, the largest metal combines considerably reduced scrap metal purchase
Edited by Rhod Mackenzie / 2014-04-10 12:29:39
Metals and mining Russia Evraz Magnitogorsk metallurgic plant MMK Novolipetsk Steel NLMK Severstal Russia Metals and Mining Steel
In January – March, the largest metal combines considerably reduced their scrap metal purchases to 2.14 million tons according to the railway statistics, by 2.8% less than in Q1 2013, and the lowest result for Q1 within the last 5 years. MMK reduced purchase by 23%, compared to the first place in 2013. The Cherepovets metal works of Severstal reduced purchase by 38.5%, compared to the third place in 2013. NLMK reduced purchase by 12%, compared to the fifth place in 2013.
