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 decreased by €8/mt to €360/mt ($425/mt) delivered dockside on Tuesday amid a downtrend in the export market.


Ferrous scrap exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) cut collection prices in a bearish market as Turkish importers target lower prices. The negative sentiment is fuelled by sales from the USA at $485/mt cfr for HMS 1&2 (80:20) and at $500/mt cfr for shredded scrap to a Marmara-based mill.


Late last week, a supplier from Germany sold 25,000-28,000mt of HMS 1&2 (75:25) and 2,000-5,000mt of HMS 1, bonus material at an average price of $486.50/mt cfr to a Marmara-based mill for August shipment, but this price level is not repeatable this week.


The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region both also dropped by €8/mt to €370/mt delivered dockside and €375/mt delivered, respectively, on Tuesday.


(€1 = $1.18)

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