The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap in Russia fell by $18/mt to $392/mt fob Baltic Sea and by $24/mt to $398/mt fob Black Sea on Monday after importers insisted on lower prices amid abundant supply.
Trading was subdued as most exporters preferred stepping back instead of accepting prices below $445/mt cfr Turkey for HMS 1&2 (80:20), though a supplier from St Petersburg sold this material at $437/mt cfr and bonus material at $447/mt cfr to a Marmara-based mill last week.
Suppliers from Rostov-on-Don also decided to withdraw offers to Turkey after bids fell to $420/mt cfr for A3 scrap.
Russian dock collection prices diverged with the weekly Davis Index for A3 material dropping by RUB600/mt ($8/mt) to RUB25,450/mt delivered St Petersburg dock on Monday and rising by RUB100/mt ($1/mt) to RUB22,700/mt delivered Rostov-on-Don dock.
($1 = RUB73.10)