Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices edged £3/mt ($4/mt) lower over the past week to £220/mt, respectively, delivered dockside.
UK dockside purchase prices consolidated around the lower end of their range this week with little business done, as market participants wait for cues from major seaborne trade routes.
Turkish HMS 1&2 (80:20) ferrous scrap import benchmarks appear to have bottomed out at $397.50/mt over the past week, with many suppliers expecting an imminent resurgence.
The weekly index for south UK OA (Plate & Structural) nudged down by £3/mt over the same period to £240/mt, respectively, delivered dockside.
Davis’ north and south UK 5A/5C (frag feed) ferrous scrap indices fell by £1-3/mt to £135/mt, respectively, delivered dockside over the past week.
(£1 = $1.38)