The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region was unchanged at €211/mt ($247/mt) delivered dockside on Tuesday due to a lack of deals.

 

European ferrous scrap collectors did not revise dockside prices early in November amid suspended trading in the bulk export market. Negotiations with Turkish importers were paused after active bookings in the second half of October.

 

The most recent transaction was fixed at $289/mt cfr Turkey for European-origin HMS 1&2 (75:25) at the beginning of last week, as reported earlier by Davis Index. Suppliers believe that the price remains at this level.

 

The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region were also flat at €221/mt delivered dockside and €226/mt delivered, respectively, on Tuesday.

 

(€1 = $1.17)

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