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

The daily Davis Index for Turkish imports of US-origin HMS 1&2 (80:20) declined by $0.50/mt to $248.40/mt cfr on Thursday after a new sale from the Baltic region.


On May 13, a Karadeniz-based mill purchased 8,000mt of HMS 1&2 (80:20) at $250/mt cfr, 13,000mt of shredded scrap at $255/mt cfr, and 4,500mt of bonus material and busheling for $260/mt cfr from a Baltic supplier.


The same producer closed a deal with a seller from Russia (Rostov-on-Don) at $248/mt cfr for a cargo of A3 scrap.


One more short-sea booking was reported. An exporter from the Adriatic Sea basin sold HMS 1&2 (70:30) at $238.50/mt cfr to Turkey on May 13.


Turkish mills still require scrap for June shipments, and their bids were heard below $250/mt cfr for HMS 1&2 (80:20) from the US and the Baltic region.


Steel product sales weak in Turkey

Daily domestic rebar spot prices decreased by TRY20-40/mt ($3-6/mt) across Turkey and settled at TRY3,250-3,300/mt ex-works, including 18pc VAT, on Thursday.


Exported rebar and billet prices in Turkey remained flat at $400-410/mt fob and at $370-380/mt fob, respectively.


($1 = TRY6.96)

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