The weekly Davis Index for EU HMS 1&2 (75:25) decreased by €8/mt ($8.81/mt) to €210/mt delivered ARAG dock on Tuesday, due to the inactivity of major buyers, particularly from Turkey.

 

European dockside benchmarks have fallen in tandem with sparse reported seaborne deals and lower firm offers and bids.

 

The Davis Index for #1 HMS declined by €5/mt to €218/mt delivered ARAG dock, while the Index for Bonus decreased by €5/mt to €223/mt del ARAG dock on Tuesday, from the prior week.

 

Firm January monthly settlements in mainland Europe have reduced the flow of relatively higher-grade material to some export yards even as weak demand puts pressure on exporters to reduce collection prices to protect margins.

 

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