The weekly Davis Index for EU ARAG HMS 1&2 (75:25) decreased by €10/mt ($11/mt) to €190/mt delivered dockside on Tuesday because of minimal trading activity.
Most European scrap exports have become cautious because the Turkish market is quiet and the price of the next deal is still unclear. Some suppliers have suspended scrap collection, while others lowered collection prices for a second time in as many weeks. Ports in the Netherlands and Belgium have had significantly less material flowing in, however, exporters in those countries aren’t particularly worried because they have not sold any cargo recently, either.
The Davis Indexes for HMS 1 and P&S in the ARAG both dropped by €12/mt ($14/mt) on Tuesday to €198/mt delivered dockside and to €203/mt delivered dockside, respectively.
€1 = $1.14