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 increased by £15/mt ($21/mt) over the past week to £235/mt delivered dockside, respectively.


UK dockside ferrous scrap purchase prices leaped by £10-15/mt during the week in response to robust domestic and export demand. Two local merchants commented separately that a major domestic smelter had requested an increase on top of agreed volumes following monthly settlements last week.


At the same time, other export focussed suppliers had experienced an improvement in South Asian demand, particularly for containerized scrap to Pakistan.


The weekly index for north and south UK OA (Plate & Structural) increased by £15/mt over the same period to £255/mt, respectively, delivered dockside on Feb 16.


Davis’ north and south UK 5A/5C (frag feed) ferrous scrap indices climbed £10/mt to £145/mt, respectively, delivered dockside over the past week.


(£1 = $1.39)

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