The weekly Davis Indexes for north and south UK HMS 1&2 climbed by £5/mt ($6/mt) over the past week to £130/mt delivered dockside on May 12.

 

UK bulk export yards protected relatively wide margins by limiting weekly dockside price hikes to just £3-5/mt, despite a $12-14/mt increase in major seaborne export tags over the same period.

 

The focus of most UK-based market participants was partly diverted to domestic monthly mill-yard negotiations and a review of the government-enforced lockdown measures on May 10. That said, some UK ferrous scrap traders were left confused and vexed by what they considered to be “relatively vague guidance” – which left them unsure whether to recall local employees.

 

The weekly index for north and south UK OA (Plate & Structural) ferrous scrap increased £5/mt lower over the past week to £145/mt delivered dockside. 

 

At the same time, the weekly index for north and south UK 5A/5C (frag feed) climbed £3/mt to £78/mt over the same period.

 

(£1 = $1.23)

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