As of recent assessments, A3 scrap prices persist at levels akin to those seen in early April across all regions. Within the Central Federal District, A3 scrap was valued within the range of RUB 27,000-28,800 per ton ($287-306 per ton). This suggests that metallurgical enterprises are keen on ensuring the establishment of a consistent scrap flow leading up to the May holidays, during which they may consider revising prices.
This steadfast approach underscores a cautious stance amid evolving market dynamics, where the anticipation of forthcoming adjustments post-holidays underscores a careful balance between supply and demand dynamics in the Russian steel scrap sector.
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