Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap decreased by $11/mt to $423/mt fob Baltic Sea and $5/mt to $430/mt fob Black Sea on Monday in a weak export market.


An inactive market due to buyers’ persistence for lower prices resulted in no ferrous scrap sales reported from Russia to Turkey in mid-July. Bids for HMS 1&2 (80:20) from St Petersburg and for A3 material from Rostov-on-Don dropped to $480/mt cfr and $470/mt cfr, respectively, after Turkish mills purchased HMS 1&2 (80:20) from the USA at $485/mt cfr.


Trading is expected to remain slow in the Turkish imported scrap market this week due to the Kurban Bayrami holidays.


Collection prices in Russia rose as some exporters require material. Thus, the weekly Davis Index for A3 scrap increased by RUB450/mt to RUB24,750/mt delivered St Petersburg dock and by RUB150/mt to RUB22,900/mt delivered Rostov-on-Don dock.


($1 = RUB74.59)


Leave a Reply

Your email address will not be published.