Davis Index’s weekly northern Spain HMS 1&2 (80:20) and shredded small bulk ferrous scrap indices increased by €15/mt ($18/mt) over the past week to €313/mt and €323/mt cfr, respectively.
Spanish HMS 1&2 (80:20) import benchmarks jumped over the past week, as buyers returned to secure cargoes before prices climb much higher with Turkey re-entering the market. With one Spanish-based mill resuming idled output after maintenance, Davis Index has heard that there is more interest for fresh cargoes.
Davis Index’s UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded indices increased by €15/mt to €293/mt and €303/mt fob, respectively, on Feb 19.
(€1 = $1.21)