Russian recyclers exported 2.83mn mt of ferrous scrap in January-July compared to 2.61mn mt in the same period of 2020, according to Russian Customs data.
In July 2021, scrap exports from Russia totaled 736,000mt, up 67pc from the same month a year ago as most suppliers tried to sell as much as possible before the export duty increased to a minimum level of €70/mt. Turkey was the top importer with Russian ferrous scrap shipments to this destination rising by 37pc to 359,000mt.
Scrap export from Russia to South Korea and Belarus increased by 180pc and 2pc to 170,000mt and 95,000mt, respectively, in July against the same month last year.
Ferrous scrap imports to Russia more than doubled to 524,000mt in January-July 2021, according to Customs data. The main supplier is traditionally Kazakhstan.