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

Mexico’s domestic ferrous scrap prices increased on strong demand in the Bajío and the Central regions on Friday.


Prices in Central and Bajío Mexico rose by about MXN200/mt ($10.03/mt) over the past week and are expected to increase in the short term with #1 busheling prices expected to remain firm until August in Bajío. Bids for this prime grade are being heard in the range of MXN10,600/mt-MXN11,000/mt in Veracruz, which is in the Bajío region.


Mexican recyclers in the North are considering importing machine shop turnings from the US in May and #1 busheling prices in this region could continue to rise until June.


In Central Mexico, the weekly Davis Indexes for #1 HMS, P&S 5ft and shredded rose by MXN250/mt to MXN9,300/mt delivered Mexico consumer, MXN9,750/mt delivered, and MXN9,900/mt delivered, respectively. Machine shop turnings rose by MXN200/mt to MXN8,850/mt delivered and #1 busheling climbed by MXN300/mt to MXN10,050/mt delivered.


The weekly Davis Indexes in Bajío for #1 HMS fell by MXN100/mt to MXN8,200/mt delivered, shredded increased by MXN400/mt to MXN9,700/mt delivered, and machine shop turnings rose by MXN50/mt to MXN7,475/mt delivered. P&S 5ft rose by MXN250/mt to MXN9,350/mt delivered, and #1 busheling climbed by MXN200/mt to MXN10,300/mt delivered Mexico consumer.


In North Mexico, the weekly Davis Indexes for shredded and #1 busheling fell by MXN8/mt to MXN9,625/mt, and MXN10,075/mt delivered Mexico consumer, respectively. The index for #1 HMS rose by MXN58/mt to MXN8,625/mt delivered, P&S 5ft increased by MXN170/mt to MXN9,903/mt, and machine shop turnings rose by MXN166/mt to MXN8,233/mt delivered.



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