The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region was flat at €200/mt ($226/mt) delivered dockside on Tuesday as the export bulk market became quiet after active trading in the first half of June.
Dockside ferrous scrap prices did not change in the Netherlands and Belgium as most exporters have already sold cargoes for July shipment and are now focused on collection as material inflow has normalized.
Negotiations between European scrap exporters and Turkish importers began slowly this week as both parties decided to temporarily step back after active bookings in the first half of June. Turkish mills purchased more than 1mn mt of scrap for July shipment, including European material. The most recent deal was closed for Dutch-origin HMS 1&2 (80:20) at $265/mt cfr Turkey late last week.
The Davis Indexes for HMS 1 and for bonus scrap in the ARAG region both were unchanged at €208/mt ($235/mt) delivered dockside and at €214/mt ($242/mt) delivered dockside, respectively, on Tuesday.