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

The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region decreased by €6/mt ($7/mt) €194/mt delivered dockside on Tuesday amid negative export market sentiment and low demand.


Most ferrous scrap suppliers in the Netherlands and Belgium dropped collection prices as export sales ceased. Turkish importers became silent as they have already arranged enough stocks. Moreover, buyers expect scrap prices to decline to $250/mt cfr and lower for European-origin HMS 1&2 (80:20), considering strong availability of the material.


Some European scrap exporters tried to negotiate with Turkish mills, with no deals reported so far.


The Davis Indexes for HMS 1 and for bonus scrap in the ARAG region both decreased by €5/mt ($6/mt) to €203/mt delivered dockside and €209/mt delivered dockside, respectively, on Tuesday.


(€1 = $1.13)

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