Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices increased by £6/mt at £188/mt ($252/mt), respectively, delivered dockside, on Tuesday.
Exporters in the UK continue to fight against efforts to raise dock prices since some of them still need to fill cargoes that were sold before prices shot past $300/mt cfr Turkey for HMS 1&2 (80:20).
Some suppliers were concerned that dockside prices have not risen to the expected levels given the current strength in the export market. Turkish HMS 1&2 (80:20) ferrous scrap import prices have jumped by $20/mt over the past week to $359.70/mt cfr on Dec 1.
Suppliers now hope that docks will raise prices significantly over the next 10 days as vessels booked for late December and January shipments appear to be filled.
The weekly indexes for north and south UK OA (Plate & Structural) increased by £1/mt over the same period at £205/mt, respectively, delivered dockside on Dec 1.
Davis’ north and south UK 5A/5C (frag feed) ferrous scrap indexes climbed by £2/mt to £110/mt, respectively, delivered dockside over the past week.
(£1 = $1.34)