US export yard buying prices on the West Coast and in Houston were unchanged from last week on Tuesday as the market awaits further direction on exports and domestic pricing.
In Houston the Davis Index remained unchanged for HMS 1&2 (80:20) at $225/gt delivered dock, while P&S 5ft and shredder feed were flat at $240/gt and $150/gt, respectively, delivered dock.
The Davis Index for HMS 1&2 (80:20) remained unchanged at $237/gt delivered Portland dock, while P&S 5ft held at $249/gt delivered dock. Shredder feed remained unchanged at $147/gt delivered dock.
In San Francisco the Davis Index for HMS 1&2 (80:20) was unchanged at $221/gt, delivered dock, while P&S 5 ft and shredder feed were flat at $230/gt, and $132/gt, respectively, delivered dock.
The Davis Index for HMS 1&2 (80:20) was unchanged at $180/gt delivered Los Angeles dock, with P&S 5ft flat at $190/gt delivered, and shredder feed remaining at $133/gt delivered dock.
The market is looking for short term cues from pending Turkish scrap import negotiations, US domestic scrap trading movements in early February, and a return of buyers after the Chinese New Year’s holiday.
On the West Coast, market participants are reporting limited inquiries from Taiwan due to a quiet Asian market. HMS 1&2 (80:20) transactions have been reported in the range of $220-227/mt fas to Taiwan. However, sellers warn of limited volumes and quality variances as they hold firm at $230-235/mt fas on the grade, with deal potential realistically at $225-228/mt fas, according to market participants.