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 jumped by €24/mt ($29/mt) to €357/mt delivered dockside on Tuesday on global cues.


Ferrous scrap exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) raised collection prices in a bullish market. European suppliers are targeting $490-495/mt cfr Turkey for HMS 1&2 (80:20) and HMS 1&2 (75:25) this week as prices for US and Baltic material have reached and exceeded $500/mt cfr in the most recent deals.


The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region both also increased by €24/mt ($29/mt) to €367/mt delivered dockside and €372/mt delivered, respectively, on Tuesday.



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