The weekly Davis Index for HMS 1&2 (75:25) in the ARAG region decreased by €4/mt to €327/mt ($383/mt) delivered dockside on Tuesday as buyers at foreign outlets targeted lower prices.
Ferrous scrap exporters from the Netherlands (Amsterdam, Rotterdam) and Belgium (Antwerp, Ghent) dropped collection prices further as bids in Turkey and Egypt fell to $445/mt cfr for HMS 1&2 (80:20) and HMS 1&2 (75:25). However, offers from the EU were limited with only sporadic sales confirmed at that level. Most suppliers believe that prices should be no lower than $455/mt cfr.
The weekly Davis Indexes for HMS 1 and bonus scrap in the ARAG region also decreased by €4/mt to €337/mt delivered dockside and €342/mt delivered, respectively, on Tuesday.