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

The monthly Davis Index for Sorte 3 (E3) ferrous scrap plunged €23/mt over the past month to €220/mt delivered to mill in February, following the conclusion of mill-yard negotiations.


Some mills had entered the market in late January with bids €15/mt below last month’s price before following up with another reduction of up to €15/mt in mid-February.


The indices for Sorte 1 (E1) and Sorte 4 (E40) ferrous scrap declined by €28/mt and €25/mt to €205/mt and €240/mt, respectively, from the prior month.

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