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 increased by €16/mt ($19/mt) to €298/mt delivered dockside on Tuesday amid positive export market sentiment.


Ferrous scrap suppliers in the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) raised collection prices anticipating higher deal prices in Turkey due to better demand. Importers are looking for European-origin HMS 1&2 (75:25) at around $400/mt cfr now, while exporters target at least $10/mt higher. Negotiations are expected to bring new deals in the short term.


The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region both increased by €16/mt ($19/mt) to €308/mt delivered dockside and €313/mt delivered, respectively, on Tuesday.


(€1 = $1.21)

Leave a Reply

Your email address will not be published.