The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap in Russia’s Baltic Sea region climbed by $1/mt, while the index in the Black Sea region rose by $6/mt. Both indexes settled at $239/mt fob on Friday.
Negotiations are active in Russia’s export ferrous scrap market, but deals were sporadic this week. It was heard that a supplier from St Petersburg sold HMS 1&2 (80:20) at $254.50/mt and bonus material at $264.50/mt cfr to Turkey around mid-week. Other exporters are targeting higher prices, referring to the most recent sales from the USA, Europe, and Canada to Turkey.
Sellers from Rostov-on-Don raised offers to $260/mt cfr for A3 scrap, while the highest bids in Turkey were reported at $255/mt cfr for HMS 1&2 (90:10).
Collection prices are almost unchanged in Russia. The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap inched up by Rub75/mt ($1/mt) in St Petersburg dock to Rub14,975/mt delivered on Friday, but were flat at Rub13,600/mt delivered in Rostov-on-Don dock.
($1 = RUB68.67)