The weekly Davis Indexes for HMS 1&2 (80:20) or A3 scrap were unchanged at $454/mt fob Baltic Sea and $458/mt fob Black Sea on Monday.
A St Petersburg supplier sold HMS 1&2 (80:20) at $498/mt cfr and bonus material at $508/mt cfr to a Turkish mill early last week, while other exporters preferred to wait, in anticipation of being able to strike deals at $510-515/mt cfr for HMS 1&2 (80:20) after demand improved.
Scrap availability from Rostov-on-Don to Turkey was limited as most recyclers stepped back and focused on sales in the domestic market, where exporters found more attractive prices. Still, a transaction was fixed from Far East Russia, in which A3 scrap changed hands at $488/mt cfr to South Korea.
Collection prices in Russia didn’t change significantly. Thus, the weekly Davis Index for A3 scrap climbed by RUB125/mt to RUB27,475/mt delivered St Petersburg dock and remained flat at RUB24,475/mt delivered Rostov-on-Don dock.
($1=RUB72.09)