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 soared by $50/mt to $390/mt fob Baltic Sea and by $46/mt to $387/mt fob Black Sea on Monday as a price rally in the Russian export market continued.


According to some Russian suppliers, the workable price level for A3 material from St Petersburg and Rostov-on-Don moved to $415-425/mt cfr Turkey after a reported sale of HMS 1&2 (80:20) from Sweden to Turkey at $419/mt cfr. However, most Russian scrap exporters have currently put offers on hold, expecting prices to rise by another $10-20/mt in coming days amid firm demand for scrap in Turkey and limited supply.


Last week, several deals for A3 scrap from Rostov-on-Don were fixed at $395-400/mt cfr Turkey. The most recent sale of HMS 1&2 (80:20) from St Petersburg was reported at $370/mt cfr Turkey in early December.


Collection prices in Russia rose further by RUB1,500/mt ($20/mt) to RUB22,825/mt delivered in St Petersburg dock, but remained unchanged at RUB20,350/mt delivered in Rostov-on-Don dock.


($1 = RUB73.30)

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