Interpipe has started importing scrap from Russia.
“We intend and will buy scrap from Russia. This month we will receive our first batch”, the Interpipe economy and finances director Denis Morozov reported.
According to him, Russia sees surplus of scrap of some 3 million tons per year. And the country has already imposed an export duty of 7.5%.
Interpipe cannot buy scrap in Europe, because the difference in railroad width leads to the price increase.
“If we import scrap from there, we have to unload and load it again, and that’s a lot of money”, Morozov explained.
As to the imports from Turkey, he said, scrap would have to be brought on ships, and that would be $50 on top of Turkish market price. (Ukrainian metal)