Davis Index’s weekly northern Spain HMS 1&2 (80:20) and shredded small bulk ferrous scrap indices were unchanged at €333/mt ($409/mt) and €343/mt cfr, respectively, on Thursday.
With almost all Spanish buyers out of the market for the holiday season, ferrous scrap purchase prices were flat over the past week.
Neither was there any business heard, conducted, or concluded by suppliers in the UK or European Union (EU) over the same period.
Davis Index understands that most UK bulk processors will return to work from Jan 4 at the earliest, though it might be days before any new deals are concluded.
Davis Index’s UK small bulk ferrous scrap HMS 1&2 (80:20) and shredded were also unchanged compared with the prior week at €307/mt and €317/mt fob, respectively, on Dec 31.
(€1 = $1.23)