Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Davis Index’s northern Spain HMS 1&2 (80:20) and shredded small bulk ferrous scrap indices climbed by €6/mt ($7/mt) to €335/mt and €345/mt cfr, respectively, on Friday.


Spanish ferrous scrap import prices reversed course over the past week, as a result of fresh bookings at higher levels in competing major seaborne trade routes.


Shortsea small bulk coaster freight rates have softened in the past week but remain about €30/mt, with some UK suppliers opting to sell on a fob basis to avoid the “headaches” of fixing vessels.


As usual, Spanish ferrous scrap buyers have used competitively-priced locally sourced material as leverage in negotiations to limit the extent of price hikes from overseas suppliers.


Davis Index’s UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded indices increased by €2-5/mt to €300/mt and €312/mt fob, respectively, during the week.


(€1 = $1.18)


Leave a Reply

Your email address will not be published.