Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices declined by £1-2/mt ($1-3/mt) to £269/mt, delivered dockside, on Tuesday.
UK ferrous scrap dockside purchase prices consolidated around a tighter range over the past week, with increased visibility on the direction in the export market.
A large UK-based bulk processor was heard to have reined in their HMS 1&2 (80:20) purchase prices, bringing them closer to the rest of the market this week. A point that was echoed by another large ferrous scrap exporter, who commented that their yards were not complaining about reduced inflows – so it must be accurate.
At the lower end of the range, another multi-yard ferrous scrap exporter raised their dockside heavy melt purchase prices by £5-7/mt; tightening the overall national range.
The weekly indices for north and south UK OA (Plate & Structural) edged down by £1/mt to £294/mt, delivered dockside, respectively, during the week.
Davis Index’s weekly north and south UK 5A/5C (frag feed) ferrous scrap indices climbed by £5/mt to £175/mt, on the same basis.