Davis Index’s weekly north and south UK HMS 1&2 (80:20) ferrous scrap indices edged up by £1/mt ($1/mt) to £278/mt, delivered dockside, on Tuesday.
UK dockside ferrous scrap purchase prices increased by £1-2/mt over the past week, as the range between the highest and lowest paid for material narrowed.
The bulk of dockside buyers were heard to have paid between £275-285/mt, but a large exporter remained £5/mt behind the lower end of the range.
UK dockside rates have remained firm with exporters trying to secure sufficient volumes to fill pre-booked vessels despite a modest pullback in prices on major seaborne trade routes.
The weekly indices for north and south UK OA (Plate & Structural nudged £2/mt higher to £300/mt, delivered dockside, respectively, during the week.
Davis Index’s weekly north and south UK 5A/5C (frag feed) ferrous scrap indices remained unchanged at £180/mt, on the same basis.