The weekly Davis Indexes for HMS 1&2 (80:20) or A3 scrap in the Baltic Sea and Black Sea regions of Russia both remained flat on Monday at $263/mt fob and $267/mt fob, respectively.

 

Despite active trading in the Russian export ferrous scrap market, prices changes were negligible. A supplier from St Petersburg sold HMS 1&2 (80:20) at $293/mt cfr Turkey in early November, while another exporter closed a deal for the same material at $292.50/mt cfr Turkey at the end of October.

 

A scrap collector from Murmansk and Arkhangelsk reached an agreement with a Turkish mill at $304/mt cfr for HMS 1&2 (95:5). Another supplier from this region of Russia was heard to sell similar grade to Turkey at a higher price, but further details were not available at the time of publication.

 

No transactions were reported from Rostov-on-Don last week amid limited availability of the material from this region.

 

Collection prices diverged in the Russian market. The weekly Davis Index for HMS 1&2 (80:20) or A3 scrap went up by RUB350/mt ($5/mt) to RUB18,050/mt delivered St Petersburg dock on Monday and fell by RUB200/mt ($3/mt) to RUB17,100/mt delivered Rostov-on-Don dock.

 

($1 = RUB76.22)

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