Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices fell by £6/mt ($8/mt) to £275/mt, delivered dockside, on Tuesday.
UK dockside ferrous scrap purchase prices decreased by £2-6/mt over the past week, after a large British bulk exporter was heard to have dropped rates while most others held unchanged.
A large ferrous scrap exporter dropped HMS 1&2 (80:20) dockside purchase prices by up to £10/mt to reduce the flow of material into specific yards.
The same ferrous scrap processor was also rumoured to have engaged a small bulk coaster to ferry material from yards that were possibly piling up with stocks.
The weekly indices for north and south UK OA (Plate & Structural) nudged £2/mt lower to £300/mt, delivered dockside, respectively, during the week.
Davis Index’s weekly north and south UK 5A/5C (frag feed) ferrous scrap indices remained unchanged at £180/mt, on the same basis.