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 jumped by €4/mt ($5/mt) to €354/mt and €364/mt cfr, respectively, on Friday.


Spanish ferrous scrap import prices may have peaked over the past week, with suppliers only able to secure €4/mt increases, despite initially offering HMS 1&2 (80:20) cargoes at closer to €365/mt.


Mill buyers likely leveraged rumors that deepsea deals to Turkey for HMS 1&2 (80:20) had been struck at significantly lower prices earlier in the week ranging from $447-465/mt cfr.


At the same time, EU dockside collection prices were heard to have also softened by up to €20/mt towards the latter end of this week.


Davis Index’s UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded indices were unchanged from the prior week at €328/mt and €338/mt fob, respectively, on Jan 15.


(€1 = $1.21)



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