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.