Export prices for Russian scrap stable
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.