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 weekly ferrous scrap indices declined by €10/mt ($12/mt) to €365/mt and €385/mt cfr, respectively, on Friday.


Spanish import prices declined over the past week, largely reflecting recent cuts in the UK and North European dockside purchase prices. For example, UK HMS 1&2 (80:20) dockside ferrous scrap rates fell by £5-8/mt this week while those in northern Europe dropped by €6-12/mt over the past two weeks.


Some southern European ferrous scrap buyers are on annual leave, while seaborne suppliers have also had to cut rates to remain competitive versus domestic dealers.


Davis Index’s UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded indices dropped by €10/mt to €325/mt and €345/mt fob, respectively, during the week.



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