Russia: ChMK scrap purchases falling
In March, according to the railroad statistics, Chelyabinsk Iron and Steel Works received 3632 tons of ferrous scrap, down by 28% MoM and by 30% YoY. For the last 5 months scrap deliveries to the works (below 4 thousand tons) have been the lowest in 10 years. In Q1 scrap deliveries totaled 13.5 thousand tons,…