The most recent trade statistics released by Russia indicates that the country’s steel scrap exports increased considerably during the month of February this year. The exports during the month stood higher when matched with those during the same month a year before. This is the second consecutive month that Russian steel scrap exports have gone higher.
The country’s scrap exports during the month of February alone totaled 418,000 tons. The exports witnessed marginal increase of nearly 8.3% year-on-year. The Russian scrap exports during February last year had totaled 386,000 tons. When matched with January this year, the scrap exports during Feb ‘16 were up sharply by nearly 2.5 times. Russia’s steel scrap exports during the first month of the current year had totaled only 178,000 tons.
The largest export destination of Russian scrap during February this year was Turkey.
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