Interpipe believes in summer scrap procurement will decrease by 20%.
“The market is saturated with scrap now, but with the coming of summer we see a traditional decline. We believe the drop in the scrap procurement will reach 20%”, Interpipe CFO Denis Morozov said.
At the same time, scrap demand will grow, as ArcelorMittal Kriviy Rih will finally resume its operation.
“Electrostal has also returned to the market. Its needs are 20-30 thousand tons per month”, he added. (Ukrainian metal)