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

Davis Index’ weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices both remained unchanged at £178/mt ($230/mt) delivered dockside, on Tuesday.


Major seaborne benchmarks, particularly to Turkey, ran out of steam over the past week, with Davis Index’ HMS 1&2 (80:20) ferrous scrap import index peaking at $302/mt before easing off.


UK dockside scrap indices held steady over the past week with the range between the highest and lowest purchase prices tightening and solidifying around last week’s benchmark. 


Some British bulk exporters with vessels to fill were heard to have paid up to £185/mt for HMS 1&2 grades, while those buying on a more casual basis could secure the tonnes for £170/mt. One UK-based ferrous scrap processor commented that they were able to secure material at the low end of the range given that they were buying material from merchants without box-loading facilities.


The weekly indices for north and south UK OA (Plate & Structural) also remained unchanged over the same period at £205/mt delivered dockside on September 15.


Davis Index’s north and south UK 5A/5C (frag feed) ferrous scrap indices both remained unchanged at £100/mt delivered dockside over the past week.


(£1 = $1.29)

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