Davis Index provides price benchmarks for base metals, scrap metal, steel and secondary alloys that are not listed on exchanges but drive global trade.
Davis Index produces more than 1,400 proprietary price indexes and carries metals futures prices and other reference data.
Use tools inside Davis Index to calculate spreads, price material, trade materials, and visualize/analyze data.
The only service you will ever need
Independent source of truth
Davis Index is an independent entity and has no financial interest in the price indexes it publishes.
Our rigorous process ensures every index is an accurate reflection of the material transacted.
The index process is based on surveys of market participants such as producers, consumers, traders, and brokers.
Davis analysts communicate with market participants to gather market data from them. Data from these sources are only used after factoring source credibility, ability to provide accurate information, role within company and the company’s reputation.
Davis calls on all market participants to submit data that is applicable to its indexes. The more inputs an index receives, the more robust it becomes. Davis will continuously strive to expand its sources.
For information to be included in an index’s calculation, it must meet certain criteria that are detailed in our methodology.
This includes an industry specification for each material, a minimum deal size, delivery period, payment period and other factors that establish a basis for each index.
Examples of data collected:
- transaction price/s
- volume/s traded
- names of counterparties
- firm bids
- firm offers
- indicative values
- spread values between materials
- spread values between locations
- other transactions heard across the market
- any other trade relevant data
Davis analysts are given rigorous training to analyze the data gathered and received.
Analysts are taught to determine whether the data qualifies for use in an index or requires more inquiry.
For qualified data, analysts then apply index methodology to determine whether each data point is relevant to the index and should be utilized in the final calculation of that index.
Every index is reviewed and evaluated by a manager prior to its publication. Market commentaries that accompany industry benchmarks include rationales that explain the index’s movement.
Materials we cover
Scrap: Aluminium, Brass, Copper, Ferrous, Electronics, Lead, Stainless steel, Zinc
Alloys: Aluminium, Brass, Copper, Lead, Zinc
Metallics: Iron ore, Basic pig iron (BPI), Nodular pig iron (NPI)
Feedstock: Hot briquetted iron (HBI), Sponge Iron, Direct reduced iron (DRI)
Premiums: Aluminium, Copper, Lead, Nickel, Zinc
Steel: Billet, Ingot, Rebar, hot rolled coil (HRC), hot dip galvanized (HGD)
Freight: Bulk, Containers
Some of our customers
Hundreds of our customers have waited a very long time for accurate price benchmarks and accessible technology. And they love us!
Davis Index is a tech-led proprietary market data and analysis provider for the metals manufacturing supply chain.
What our clients say
I have been following Davis Index for several years and have found the news and data to be extremely accurate and timely.
The knowledge I gain by thoroughly reading and digesting the data is invaluable as I buy and sell scrap.
I’ve compared data from other sources and find that Davis Index data is much more thorough and transparent.
I appreciate the presentation form and plan on analyzing their data for many years to come.
Davis Index data has helped us improve our contract margins and build better benchmarking for our procurement and sales teams.
We fully appreciate the trustworthy coverage by Davis Index. The information is very useful.
Everyone should consider the Davis Index as their indices for contracts.
Davis Index is the market leader for scrap price indexes and the service that we follow and utilize.
It is the benchmark for our region and also the benchmark we use for Turkey.
We have tracked and used Davis Index data ever since their launch and can share that they are the most accurate of all publications, by a distance.
We use their data frequently to inform our purchasing/sales decisions and will support any contract that uses their data.
As far as price reporting agencies go, we value the Davis Index coverage of this and other regions the most.
We follow their daily indexes and find them to be the most accurate reflection of the market.
You are the most developed in scrap market intelligence.
We are one of the largest buyers of scrap in India and are daily users of Davis Index price indexes and coverage.
The accuracy, timeliness and deep coverage of all our major sourcing countries has helped us make much better purchase decisions than we were ever able to do before.
Davis Index has been a significant development for our region.
The information, analysis, reports, and price indexes from Davis Index are all class!
Keep growing! All the best!
It has been ten, maybe 20 or even more years since real, accurate market prices for Hamilton and Quebec were published. It was the same for Detroit, Texas, California...I could go on and on.
I cannot thank Davis Index enough for finally bringing us accurate price coverage. This and the daily bulk and container export price indexes have been a very big help to us. Thank you!
The LME and Comex data feeds have been great since they're also delivered on mobile. What a big help that is.
Types of customers
Davis Index's proprietary indexes and price benchmarks are used by a complete cross section of the industry.
Use index data in sales contracts of the scrap generated during the making of any metal intensive product: from fencing to cars, and from hammers to aeroplanes.
To secure and sell supply by using index-based contracts with mills and smelters. And to track market news and trends.
To enter supply contracts with their raw material suppliers and/or end consumers, such as die-casters and auto OEMs.
Exporters, Importers, Traders
To track markets daily and to lock in margin by use of supply/sale contracts on monthly average price benchmarking.