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 both fell by £3-6/mt ($4-8/mt) to £223/mt delivered dockside, on Tuesday.


Dockside purchase prices in the UK extended recent declines as some bulk processors attempted to reduce the flow of material into their yards. In fact, one UK-based bulk exporter commented that they had dropped dockside rates given that their yards were “almost completely full.”


Other dockside collectors partially reflected recent weakness in major seaborne export prices over the past week, with Turkish HMS 1&2 (80:20) import prices falling by $40/mt since Jan 26.


The weekly index for north UK OA (Plate & Structural) declined by £5/mt over the same period to £240/mt, respectively, delivered dockside on Feb 2.


Davis’ north and south UK 5A/5C (frag feed) ferrous scrap indices declined by £7-13/mt to £138/mt and £136/mt, respectively, delivered dockside over the past week.


(£1 = $1.37)

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