Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices were unchanged at £273/mt ($380/mt) and £270/mt delivered dockside, respectively, on Tuesday.
The UK dockside market witnessed reduced activity this week with some market participants taking annual leave while others turned their attention to monthly mill-yard negotiations.
An interesting development to note has been the increase in premiums for old thick 5’ cut grades, such as OA and plate & girder (P&G), versus HMS 1&2 (80:20) paid by some bulk processors over the past week.
A UK-based ferrous scrap trader commented that premiums for thick grades had begun to widen recently as a result of slack availability and relatively firm demand both at home and abroad.
The weekly indices for north and south UK OA (Plate & Girder) climbed by £3-6/mt to £299/mt, delivered dockside, respectively.
Davis Index’s weekly north and south UK 5A/5C (frag feed) ferrous scrap indices were unchanged at £178/mt, on the same basis.
(£1 = $1.39)