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

US containerized ferrous scrap export prices increased on the East Coast as higher Turkish scrap import deals surfaced this week but remained down on the West Coast.


In Asia, the Turkish scrap deals informed the global sentiment along with reports on a leading Taiwan mill selling a large quantity of rebar, which, in turn, could increase demand for scrap imports.


The Davis Index for containerized ferrous scrap in New York Davis increased or remained flat depending on the grades. The Index for #1busheling increased by $2/mt to $255/mt fas, while it remained flat for HMS 1&2 (80:20) at $230/mt fas and for turnings at $193/mt fas. The P&S 5ft Index increased by $5/mt to $255/mt fas, while shredded increased by $4/mt to $240/mt fas. 


In Los Angeles, the Davis Index for containerized HMS 1&2 (80:20) remained flat at $214/mt fas, #1busheling increased $1/mt to $234/mt fas, P&S 5ft decreased by$1 to $234/mt fas, and shredded increased by $1/mt to $234/mt fas. 


In San Francisco, the weekly Davis Index for containerized ferrous scrap trended flat with #1busheling at $240/mt fas, HMS 1&2 (80:20) at $218/mt fas, P&S 5ft at $238/mt fas, and shredded at $238/mt fas.


Seattle trended similar to San Francisco with the Davis Index flat for #1busheling at $240/mt fas, HMS 1&2 (80:20) at $215/mt fas, P&S 5ft at $240/mt fas and shredded at $240/mt fas.

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