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

Davis Index’ weekly north and south UK HMS 1&2 ferrous scrap indices increased by £5/mt ($6/mt) and £6/mt over the past week to £153/mt and £153/mt delivered dockside, respectively, on July 21.


Robust export demand for bulk and containerized ferrous scrap from buyers in Turkey, India and Pakistan has prompted most UK processors to lift dockside purchase prices to secure healthy inflows and fill booked vessels.


Those UK bulk exporters who had been paying local merchants for material at the lower end of the spectrum noted that supply had slowed noticeably given that prices from other yards had inched up £2-3/mt each day.


Indeed, Davis’ Turkish HMS 1&2 (80:20) ferrous scrap import index has climbed $13/mt from a recent low of July 10 to a recent high of $264.92/mt cfr on July 20, enabling bulk suppliers to pay more for feedstock.


The weekly indices for north and south UK OA (Plate & Structural) ferrous scrap increased £5/mt to £170/mt delivered dockside, respectively, over the past week, while the weekly index for north and south UK 5A/5C (frag feed) remained unchanged at £85/mt. 


(£1 = $1.27)

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