The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region decreased by €6/mt to €357/mt ($425/mt) delivered dockside on Tuesday in a sluggish market.

 

Most exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) reduced ferrous scrap collection prices on weak demand at foreign destinations, despite an anemic material inflow due to a strong domestic market in the EU.

 

Offers from the ARAG region to Turkey are scarce and demand is subdued, because of which, trading has been muted since the beginning of June.

 

The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region both also dropped by €6/mt to €367/mt delivered dockside and €372/mt delivered, respectively, on Tuesday.

 

(€1 = $1.19)

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