Exports of scrap metal from Russia increased in May

According to Russian customs statistics, the export of scrap ferrous metals from Russia in May amounted to about 325,000 tons, an increase of 7.4% over the previous month and an increase of 4.3% over the same month last year. Exports grew for two months in a row. Strong demand and prices offset the impact of Russian export duties.

Among the exported goods in May, Turkey was the largest import destination with a total import volume of approximately 161,000 tons, an increase of 72.3% over the previous month and an increase of 11% over the same period last year, accounting for almost 50% of the total. export. general export of scrap.

In just the first five months of this year, Russia exported 1.6 million tons of scrap, which is 10% less than a year earlier, due to a tripling of export duties introduced in January.