The scrap market in the Russian Federation has stabilized

In the first half of this year, the situation with the consumption of ferrous scrap in Russia remained at the same level as in the same period in 2022 - 10 million 394 thousand tons. At the same time, scrap collection increased by 6% and reached 11 million 173 thousand tons.

Scrap exports increased noticeably to Kazakhstan and Belarus - by 143%, and to countries outside the EAEU - by 73%. 

However, the stabilization has occurred at a rather low level, as the first half of 2022 showed a record decrease in scrap collection by 29% compared to the same period in 2021, and scrap consumption in the country decreased by 20%.