Russian scrap export activity is extremely low in late June due to the holidays in Turkey.
Turkish companies put scrap imports on hold due to religious holidays. As a result, A3 indicatives are the same as last week at $485/t CFR ($436/t FOB) Turkey for shipments from St. Petersburg and $475-480/t CFR ($429-435/t FOB) from Rostov-on-Don.
The Far East remains quiet with buyers being uninterested in signing new contracts for Russian scrap and focusing on the regional market. A3 indicatives vary within $513-518/t CFR South Korea.
