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

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.




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