Davis Index’ weekly north and south UK HMS 1&2 ferrous scrap indices remained unchanged compared to the prior week at £153/mt ($197/mt), respectively, delivered dockside on July 28.

 

Recent strength in UK ferrous dock prices ran out of steam over the past week as benchmarks on major seaborne trade routes, particularly to Turkey, plateaued.

 

One UK-based ferrous scrap trader quipped that dockside markets had quietened given that business typically tails-off towards the month-end.

 

The weekly indices for north and south UK OA (Plate & Structural) and UK 5A/5C (frag feed) ferrous scrap were also unchanged at £170/mt and £85/mt, respectively, delivered dockside over the same period. 

(£1 = $1.29)

 

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