Russia's ferrous scrap metal prices show seasonal growth in September

Russia's price of category 3A ferrous scrap metal reached 15,900 rubles/tonne ($196.3/t) in September, up nearly 8% over the past month. Current prices have recovered to mid-June levels.

Analysts attribute the price increase to seasonal factors, as metallurgical companies in Russia are actively stockpiling raw materials ahead of the winter season. Experts estimate that steel scrap prices could reach 19,000-20,000 rubles/t by the end of the year. The price growth is also supported by improved economics in