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) was flat at $272.50/mt cfr on Wednesday, with no deep-sea bookings reported—although some short-sea cargoes were purchased in Turkey.


Some Azov-Black Sea basin scrap suppliers provided discounts to Turkish mills, which brought the Index for HMS 1&2 (80:20) from Romania down to $260/mt cfr on January 28 from $270/mt cfr a week ago.


Bids for HMS 1&2 (80:20) from the US and Baltic region remain at $270/mt cfr, or lower. Buyers in Turkey’s scrap market continue to be inactive, but a few Marmara and Izmir mills were looking for deep-sea cargoes Wednesday. Negotiations are underway, though no deals have been confirmed. 

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