Domestic ferrous scrap prices fell in Mexico’s North and Bajío due to low demand but remained unchanged in the Central area.
At the beginning of August, prices in Bajío declined by around MXN200/mt ($8.9), a market participant with operations in North and Bajío told Davis Index, adding that prices in these two regions are expected to stabilize this month.
In Northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) rose by MXN63/mt to MXN 4,900/mt delivered Mexico consumer, but the index for P&S 5ft and #1 busheling fell by MXN159/mt and MXN25/mt to MXN5,400/mt delivered and MXN5,700/mt delivered, respectively. The index for shredded remained unchanged to MXN5,727/mt delivered.
The weekly Davis Index in Bajío for HMS 1&2 (80:20) declined by MXN25/mt to MXN5,175/mt delivered Mexico consumer and fell for machine shop turnings by MXN50/mt to MXN4,350/mt, delivered. The index for #1busheling and P&S 5ft went down by MXN125/mt and MXN50/mt to MXN5,125/mt delivered and MXN5,350/mt delivered, respectively. The index for shredded held at MXN5,300/mt delivered.
In Central Mexico, the Davis Index for all ferrous scrap grades remained unchanged. HMS 1&2 (80:20) was flat at MXN4,600/mt delivered Mexico consumer, while machine shop turnings held at MXN4,100/mt delivered. P&S 5ft, #1 busheling, and shredded all remained unchanged at MXN5,100/mt delivered, MXN4,900/mt delivered, and MXN4,900/mt delivered, respectively.