The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap increased by $19/mt to $408/mt fob Baltic Sea and by $13/mt to $394/mt fob Black Sea on Monday on improved trading prospects.
St Petersburg exporters have lifted the price point of HMS 1&2 (80:20) sales to $445-450/mt cfr Turkey after a Belgian supplier sold the material at an equivalent price of $448/mt cfr at the end of last week. At least three cargoes from Russia’s Baltic region were sold to Turkey at $423-426/mt cfr around 7-10 days ago, with one of them scheduled for prompt shipment.
In Rostov-on-Don, a deal with a Turkish mill was heard at $419-420/mt cfr for A3 material last week, while the previous transaction was fixed at $407/mt cfr.
The weekly Davis Indexes for A3 scrap remained unchanged at RUB22,875/mt delivered St Petersburg dock and RUB22,150/mt delivered Rostov-on-Don dock on Monday. Collection is slow amid Easter holidays in the country.
($1=RUB74.84)