Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices declined by £2/mt ($3/mt) to £263/mt delivered dockside, respectively, on Tuesday.
UK dockside purchase prices extended recent declines over the past week, as buyers continued to drop rates in line with softer export prices.
Davis Index’s Turkish HMS 1&2 (80:20) ferrous scrap import index has fallen another $7/mt in the past seven days to $454.82/mt cfr Turkey on Aug 16.
The weekly indices for north and south UK OA (Plate & Girder) fell by £5/mt to £290/mt, delivered dockside, respectively.
Davis Index’s weekly north and south UK 5A/5C (frag feed) ferrous scrap indices were unchanged at £175/mt, on the same basis.
(£1=$1.39)