The Ministry of industry and trade has prepared suggestions on quoting steel scrap exports by regions.
“We are reviewing various mechanics to satisfy scrap demand in the country. We have prepared suggestions on quoting the export of scrap”, the deputy minister Victor Yevtukhov said.
Various quote indexes are provided for different districts and regions.
“Where there is no inner consumption, 100% could be exported. At the same time, the Far East, for example, has a catastrophic shortage of scrap. Even if all the scrap is left there, it will not be enough. The same for the Northwestern region and the central part of Russia”, he added.
At present the ministry is also mulling trading scrap at the St. Petersburg Exchange. (Ukrainian metal)