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

Davis Index’ weekly northern Spain HMS 1&2 and shredded small bulk ferrous scrap indices increased €5/mt over the past week at €225/mt and €235/mt cfr, respectively, on August 14.


Spanish mills accepted modest increases in small bulk shortsea ferrous scrap import prices over the past week to supplement supplies of lower-priced domestic material.


Bulk exporters asserted last week that robust major seaborne benchmarks, particularly to Turkey, should by proxy mark the Spanish HMS 1&2 import market at around €225/mt.


Some UK & EU ferrous scrap traders have been pushing for levels closer to €230-235/mt to account for any possible deductions for any “dirt” or impurities in the cargoes.


Davis Index’ UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded indices were unchanged over the same period at €205/mt and €215/mt fob, respectively, on August 14.


(€1 = $ 1.18)

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