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

Davis Index’ weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices both stood at £160/mt ($210/mt) delivered dockside, on Tuesday.


Turkish HMS 1&2 (80:20) ferrous scrap import prices have met resistance at $285/mt, cfr Turkey, over the past three working days. As a result, most British bulk processors were reluctant to accept any further increases in dockside collection prices to protect their margins. 


The lull in export activity and stagnant export prices were a welcome respite for some British ferrous scrap traders choosing to take a holiday during this period, while other suppliers devoted more attention to monthly mill-yard negotiations with the country’s steel producers last week.


The weekly indices for north and south UK OA (Plate & Structural) both aligned at £180/mt delivered dockside on Tuesday.


Davis Index’s north and south UK 5A/5C (frag feed) ferrous scrap indices were also unchanged at £85/mt delivered dockside over the same period.


(£1 = $1.31)

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