US West Coast dockside prices were flat to down on Tuesday, while US East Coast dock prices ticked up due to higher Turkish import scrap deals at higher prices from the eastern coastline.
On the West Coast, dock prices in Los Angeles and San Francisco remained unchanged and moved down in Portland.
In Los Angeles, the Davis Index for HMS 1&2 (80:20) was unchanged at $162/mt delivered dockside and at $174/mt delivered on P&S 5ft. The Index for shredder feed increased by $1/mt to $113/mt delivered.
The Davis Index remained flat for all grades delivered San Francisco dockside with HMS 1&2 (80:20) at $190/mt, P&S 5ft at $197/mt, and shredder feed at $116/mt.
In Portland, the Davis Index decreased across all grades with HMS 1&2 (80:20) falling by $14/mt to $213/mt delivered dockside, P&S 5ft decreasing by $10/mt to $227/mt delivered, and shredder feed down by $8/mt to $134/mt delivered.
The West Coast is contending with dampened demand for scrap from Asian markets along with continued competition from alternative sources such as Russian and Japanese scrap.
In Houston, prices for HMS 1&2 (80:20) saw a slight uptick but remained flat for other grades with the Davis Index for HMS 1&2 (80:20) increasing by $5/mt to $225/mt delivered dock while P&S 5ft and shredder feed remained at $245/mt and $140/mt, respectively, delivered dock.
In regional market developments, late last week Davis Index heard of HMS 1&2 (80:20) containers at 205-210/mt fas from Los Angeles. Prices this week from Los Angeles have climbed $5/mt to $210-215/mt fas for Taiwan.