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

The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region increased by €4/mt ($4.50/mt) to €191/mt delivered dockside on Tuesday as expectations over better sales prices rose.


Dockside ferrous scrap prices in the Netherlands and Belgium went up as some suppliers raised collection prices early in July, targeting a price increase in export material because Turkish importers, the main buyers, became active. However, other sellers were more cautious and preferred to keep collection prices unchanged.


The most recent scrap sales from Europe to Turkey were fixed late in June. In one sale, a Belgian supplier closed a deal at an average price of $252/mt cfr for 20,000mt of HMS 1&2 (75:25), 2,500mt of shredded scrap and 12,500mt of P&S 5ft and HMS 1 to an Iskenderun-based mill. An exporter from the Netherlands was heard to have reached an agreement to sell HMS 1&2 (80:20) at $251.50/mt cfr to an Izmir-based mill in another transaction.


The Davis Index for HMS 1 in the ARAG region rose by €4/mt ($4.50/mt) to €201/mt delivered dockside on Tuesday, while the index for bonus scrap increased by €3/mt ($3/mt) to €206/mt delivered dockside.


(€1 = $1.13)

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