Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region rose by €16/mt ($19/mt) to €328/mt delivered dockside on Tuesday amid an uptrend in the export market.


Ferrous scrap exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) raised collection prices amid a positive market sentiment as Turkish importers accepted higher prices. Last week, a supplier from Belgium closed a deal with a Turkish mill at an average price of $453/mt cfr for 15,000mt of HMS 1&2 (75:25), 10,000mt of shredded scrap, 10,000mt of P&S 5 ft and 5,000mt of busheling.


European exporters are targeting $450-455/mt cfr for HMS 1&2 (75:25) early this week as demand for the material persists in Turkey and many steelmakers require cargoes for April shipment. 


The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region both increased by €16/mt ($19/mt) to €338/mt delivered dockside and €343/mt delivered, respectively, on Tuesday.


(€1 = $1.20)

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