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 €12/mt ($14.50/mt) to €325/mt delivered dockside on Tuesday following new sales in the export market.


Ferrous scrap exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) raised collection prices amid higher prices in deals with Turkish mills. Last week, a Belgian supplier sold 22,500mt of HMS 1&2 (80:20) and 12,500mt of HMS 1, P&S 5ft at an average price of $429/mt cfr Turkey, as reported by Davis Index earlier.


This week, European exporters increased offers to $430-435/mt cfr Turkey for HMS 1&2 (80:20) and $425-430/mt cfr for HMS 1&2 (75:25).


The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region also increased by €12/mt ($14.50/mt) to €335/mt delivered dockside and €340/mt delivered, respectively, on Tuesday.



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