Davis Index’ weekly north and south UK HMS 1&2 ferrous scrap indices remained unchanged at £217/mt ($293/mt) each, delivered dockside, on December 29.
With almost all UK docks closed for the holiday season, ferrous scrap purchase prices remained flat over the past week.
Davis Index understands that most dockside buyers will return to work from January 4 at the earliest, though it might be days before new deals are concluded.
Prior to the break, some UK bulk exporters proclaimed to be suffering from reduced merchant supply volumes though many others noted healthy inflows at current prices.
The weekly indexes for north and south UK OA (Plate & Structural) were also untouched over the same period to £230/mt, respectively, delivered dockside on Dec 29.
Davis’ north and south UK 5A/5C (frag feed) ferrous scrap indexes remained unchanged at £130/mt each, delivered dockside, over the past week.
(£1 = $1.35)