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

Davis Index’s weekly northern Spain HMS 1&2 (80:20) and shredded small bulk ferrous scrap indices increased by €15/mt ($18/mt) over the past week to €313/mt and €323/mt cfr, respectively.


Spanish HMS 1&2 (80:20) import benchmarks jumped over the past week, as buyers returned to secure cargoes before prices climb much higher with Turkey re-entering the market. With one Spanish-based mill resuming idled output after maintenance, Davis Index has heard that there is more interest for fresh cargoes.


Davis Index’s UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded indices increased by €15/mt to €293/mt and €303/mt fob, respectively, on Feb 19.


(€1 = $1.21)

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