The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region rose by €12/mt ($13/mt) to €192/mt delivered dockside on Tuesday.
European ferrous scrap exporters have continued raising collection prices as they require tonnages to complete their cargoes, which were sold in a buying spree in Turkey during the second and third weeks of April. According to market participants, two to three cargoes were traded from the Netherlands, and prices for HMS 1&2 (80:20) varied in the range of $245-250/mt cfr Turkey.
Scrap inflow to European docks improved by 10-20pc recently but still remains subdued, as business recovery has been slow after COVID-19 related suspensions.
The Davis Index for HMS 1 in the ARAG region rose by €10/mt ($11/mt) to €200/mt delivered dockside on Tuesday, while the index for bonus scrap increased by €15/mt ($16/mt) to €210/mt delivered dockside.
(€1 = $1.08)