The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region was unchanged at €358/mt ($440/mt) delivered dockside on Tuesday in an inactive export market.
Collection prices for ferrous scrap were flat in the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) in a quiet market after Turkish mills stepped back. Muted trading also narrowed the price range for HMS 1&2 (75:25) to €355-360/mt delivered compared to €350-365/mt delivered a week ago. Some recyclers are also considering a decline in collection prices in the near term due to softer demand from Turkey.
The European ferrous scrap export market reached a peak late last week after a Belgian supplier sold 19,000mt of HMS 1&2 (80:20), 11,000mt of shredded scrap, 8,000mt of bonus material, and 2,000mt of busheling to Turkey at an average price of $516/mt cfr.
The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region were unchanged at €368/mt delivered dockside and €373/mt delivered, respectively, on Tuesday.
(€1=$1.23)