Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US West Coast and Houston dockside ferrous scrap prices declined this week on soft export demand and market uncertainty. 

 

In Los Angeles, the Davis Index for HMS 1&2 (80:20) decreased by $6/gt to $156/gt delivered, while the index for P&S 5ft decreased by $8/gt to $166/gt delivered, and the index for shredder feed decreased by $4/gt to $108/gt delivered.

 

In San Francisco, the Davis Index for HMS 1&2 (80:20) declined by $5/gt to $185/gt delivered, while the indexes for P&S 5ft decreased by $4/gt to $195/gt delivered and for shredder feed down by $1/gt to $115/gt delivered.

 

The indexes in Portland also declined this week, with HMS 1&2 (80:20) down by $13/gt to $205/gt delivered, P&S 5ft declining by $15/gt to $215/gt delivered, and shredder feed decreasing by $3/gt to $136/gt delivered.

 

The indexes decreased in Houston as well, with HMS 1&2 (80:20) decreasing by $17/gt to $208/gt delivered, P&S 5ft decreasing by $5/gt to $240/gt delivered, and shredder feed decreased by $5/gt to $135/gt delivered.

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