The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap in Russia’s Baltic Sea region increased by $6/mt to $238/mt fob on Monday and rose by $4/mt to $233/mt fob in the Black Sea region.

 

Russian ferrous scrap exporters remained active at the end of May, with two suppliers from St Petersburg selling HMS 1&2 (80:20) at $253/mt cfr and bonus material at $263/mt cfr to different Turkish mills late last week. One of those recyclers is loading another cargo to Turkey, which was traded at $250/mt cfr for HMS 1&2 (80:20) and at $260/mt cfr for bonus material around 10 days ago.

 

An exporter from Far East Russia sold A3 scrap at $249-250/mt cfr to South Korea.

 

Most Russian suppliers are optimistic and expect further scrap price increase in subsequent deals. 

 

Collection prices also inched up in Russia on Monday. The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap climbed by Rub150/mt ($2/mt) in St Petersburg dock to Rub14,900/mt delivered and by Rub100/mt ($1/mt) in Rostov-on-Don dock to Rub13,600/mt delivered.

 

($1 = RUB69.44)

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