According to statistics, Russia exported around 200,000 tons of scraps in January, decreasing by 34.6% year on year and falling by 41.7% from a month ago.
Also, the scrap imports hit the lowest level since July, 2010.
In January, Turkey was the largest importer of the Russian scraps with 90,000 tons, slumping by 40.9%; Korea was the second largest one with 31,000 tons, decreasing by 54.2% and Spain was the third largest one with 23,000 tons, falling by 13.8%, all compared to the figures in the same period of a year ago.