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

Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices increased by £10-13/mt ($14-18/mt) to £248/mt and £245/mt ($331/mt) delivered dockside, respectively.


UK dockside ferrous scrap purchase prices increased by £10-13/mt, as some bulk processors passed on a portion of relatively wider margins to merchant suppliers.


Turkish HMS 1&2 (80:20) import benchmarks climbed at a relatively faster pace of $23/mt over the past week to $457.50/mt cfr Turkey on March 1. 


Most UK-based bulk exporters were heard to have raised dockside rates by £5-10/mt, while one large deepsea supplier was rumoured to have raised them by around £10-15/mt.


A UK-based trader hypothesized that the large bulk processor had overpaid compared with the rest of the market as they were likely trying to secure volumes from a certain supplier.


The weekly indices for north and south UK OA (Plate & Structural) increased by £10-13/mt to £268/mt and £265/mt, delivered dockside, respectively, during the week.


Davis’ north and south UK 5A/5C (frag feed) ferrous scrap indices climbed by £10/mt to £145/mt delivered dockside, respectively, over the same period.


(£1 = $1.39)

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