The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region held at €199/mt ($233/mt) delivered dockside on Tuesday.

 

Ferrous scrap exporters in the Netherlands and Belgium preferred to remain cautious and kept collection prices at previous levels as the main importers–Turkish mills–resisted further scrap price increase. However, European suppliers have remained firm on their offers, insisting on higher price levels due to a significant euro revaluation against the US dollar.

 

The most recent deals in Turkey were closed at $270-271/mt cfr for US and Baltic-origin HMS 1&2 (80:20) late last week. Negotiations are in progress this week with no contract reported so far.

 

The Davis Indexes for HMS 1 and for bonus scrap in the ARAG region were flat at €209/mt ($245/mt) delivered dockside and at €214/mt ($250/mt) delivered dockside, respectively, on Tuesday.

 

(€1 = $1.17)

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