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 rose by €7/mt ($8/mt) to €215/mt delivered dockside on Tuesday amid a bullish export market and strong demand.

 

Dutch and Belgian ferrous scrap exporters raised collection prices further owing to higher prices in sales to Turkey. These exporters expect a continued uptrend in prices. Most suppliers are now considering sales of European HMS 1&2 (75:25) at around $295/mt cfr Turkey. This grade of scrap traded at around $290/mt cfr last week. European exporters plan to target higher prices if Turkish mills accept $305-310/mt cfr for HMS 1&2 (80:20) from the USA or Baltic region.

 

The Davis Indexes for HMS 1 and for bonus scrap in the ARAG region also increased by €7/mt ($8/mt) to €225/mt delivered dockside and to €230/mt delivered dockside, respectively, on Tuesday.

 

(€1 = $1.18)

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