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

Mexican ferrous scrap prices declined for the second successive week on Friday after buyers continued to prefer imports over domestic scrap.


Ferrous scrap prices declined by an average of MXN50/mt ($2.90/mt) despite strong demand. Prime grades like #1 busheling which remain in limited supply were rangebound, though readily available secondary grades like #1 HMS declined. 


The most pronounced decrease was witnessed in the Bajío region where the weekly Davis Indexes for both #1 HMS and machine shop turnings fell by MXN183/mt to MXN10,373/mt and MXN9,533/mt delivered, respectively.


Bajío Mexico’s weekly index for P&S 5ft decreased by MXN17/mt to MXN11,600/mt delivered. Shredded decreased by MXN17/mt to MXN12,050/mt delivered, and #1 busheling remained unchanged at MXN12,643/mt delivered.


The weekly Davis Index in Northern Mexico for #1HMS decreased by MXN75/mt to MXN10,138/mt delivered Mexico consumer on Friday, while P&S 5ft and shredded trended flat at MXN11,938/mt delivered and MXN12,050/mt, respectively. Machine shop turnings declined by MXN28/mt to MXN9,513/mt delivered and #1 busheling was rangebound at MXN12,933/mt delivered.


In Central Mexico, the weekly Davis Index for #1 HMS dropped by MXN150/mt to MXN11,500/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN50/mt to MXN12,650/mt delivered. Shredded was flat at MXN12,250/mt delivered, machine shop turnings decreased by MXN150/mt to MXN10,300/mt delivered, and #1 busheling remained unchanged at MXN12,950/mt delivered.


($1 = MXN19.89)

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