US containerized ferrous scrap export prices declined as the latest Turkish import deals put downward pressure on global scrap prices and US domestic scrap trading prices declined significantly through the early February trading week.
The Davis Index for containerized scrap from New York decreased by $16-22/t depending on grade. The Index for #1 busheling decreased by $19/mt to $253/mt fas, while HMS 1&2 (80:20) decreased by $19/mt to $232/mt fas. P&S 5ft decreased by $22/mt to $250/mt fas, shredded decreased by $19/mt to $249/mt fas and turnings decreased by $16/mt to $193/mt fas.
In Los Angeles the Davis Index for containerized ferrous scrap declined across all grades, with #1 busheling decreasing by $15/mt to $233/mt fas, and HMS 1&2 (80:20) falling by $13/mt to $214/mt fas. The Index for P&S 5ft declined by $15/mt to $235/mt fas, and shredded decreased by $15/mt to $233/mt fas.
The Davis Index for containerized ferrous scrap from San Francisco also declined, with #1busheling down by $18/mt to $240/mt fas, HMS 1&2 (80:20) down by $13/mt at $218/mt fas, P&S 5ft down by $10/mt at $238/mt fas and shredded down by $10/mt to $238/mt fas.