Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices were unchanged at £280/mt ($381/mt) and £275/mt delivered dockside, respectively, on Tuesday.
UK ferrous scrap dockside purchase prices were flat compared with the prior week, as buyers continued to wait for cues from the export market this week.
Turkish mills have refrained from entering the market en masse instead picking up cargoes intermittently, which has created uncertainty among bulk exporters. Should this trend continue, dockside operators have signalled that they will cut purchase prices shortly to stem the flow of material into their yards.
The weekly indices for north and south UK OA (Plate & Structural) were also unchanged at £305/mt and £300/mt, delivered dockside, respectively.
Davis Index’s weekly north and south UK 5A/5C (frag feed) ferrous scrap indices remained unchanged at £180/mt, on the same basis.
(£1 = $1.36)