The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region rose by €4/mt ($5/mt) to €215/mt delivered dockside on Tuesday amid positive export market sentiment.

 

Ferrous scrap suppliers in the Netherlands and Belgium increased collection prices after achieving higher rates in the most recent deals in Turkey. Last week, European exporters sold several cargoes to different Turkish mills, including HMS 1&2 (80:20) at $289-291/mt cfr. This week, their targets moved to $295/mt cfr and higher for this grade. European scrap collectors are bullish amid limited availability of the material and slow collection.

 

The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region both also rose by €4/mt ($5/mt) to €225/mt delivered dockside and €230/mt delivered, respectively, on Tuesday.

 

(€1 = $1.18)

Leave a Reply

Your email address will not be published.