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 declined by €4/mt to €333/mt ($396/mt) delivered dockside on Tuesday following sales at lower prices.


Ferrous scrap exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) dropped collection prices following a drop in Turkey’s deal prices. Last week, suppliers accepted bids at $460-465/mt cfr for HMS 1&2 (80:20) and HMS 1&2 (75:25) and resumed sales to Turkey after a long break.


This week, the European export market remains bearish as bids in Turkey moved to $455/mt cfr on abundant scrap availability in the global market with US and Baltic recyclers closing deals at $463-464/mt cfr for HMS 1&2 (80:20) and $478-479/mt cfr for shredded scrap and bonus material.


The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region also decreased by €4/mt to €343/mt delivered dockside and €348/mt delivered, respectively, on Tuesday.


(€1 = $1.19)

Leave a Reply

Your email address will not be published.