Russian steel scrap railway shipments down 6% in Jan-Feb

Volumes of steel scrap shipments transported by railway monopoly RZD fell by 6% year-on-year to 1.6 million tonnes in the first two months of 2013, the Russian company said on Friday March 1.

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Clients started scaling down their shipment volumes last December, RZD president Vladimir Yakunin noted at the time.

Shipment levels have come down from those initially ordered due to the slowdown in the growth of industrial production, difficulties with financing in the construction industry, and the drop in demand for ferrous metals and scrap,

RZD’s steel scrap shipments fell by 11% to 18 million tonnes in 2012.