The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap in Russia’s Baltic Sea region rose by $10/mt to $249/mt fob on Monday and increased by $8/mt to $247/mt fob in the Black Sea region amid active trading activity in Russia’s ferrous scrap market.
Russian suppliers sold at least 70,000mt of ferrous scrap to Turkey last week.
One exporter from St Petersburg signed a contract at $267/mt cfr for 22,000mt of HMS 1&2 (80:20) and at $277/mt cfr for 10,000mt of bonus material, while another one reached an agreement at $265/mt cfr for 21,000mt of HMS 1&2 (80:20), at $275/mt cfr for 8,000mt of bonus material and at $280/mt cfr for 1,000mt of rails. Bids in the Turkish market were at around $255/mt cfr for HMS 1&2 (80:20) in early June.
Three transactions were also fixed in the Azov-Black Sea basin after a supplier from Rostov-on-Don sold two cargoes of A3 scrap at $264/mt cfr and at $265/mt cfr to Turkey and another exporter traded HMS 1&2 (90:10) at $264/mt cfr.
Collection prices, however, trended sideways in Russia. The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap climbed by Rub75/mt ($1/mt) in St Petersburg dock to Rub15,050/mt delivered on Monday, and inched up by Rub50/mt ($1/mt) in Rostov-on-Don dock to Rub13,650/mt delivered.
($1 = RUB69.97)