Mexico’s ferrous scrap prices were rangebound in North and Central Mexico but increased in the Bajio region on continued demand for scrap in the area. Overall, scrap prices in Mexico averaged a rise of MXN242/mt ($12.15/mt) this week.
Demand for prime grade #1 busheling remains strong with the weekly Davis Index for this grade increasing by MXN550/mt to MXN12,800/mt delivered in North and by MXN335/mt to MXN12,143/mt delivered Mexico consumer in the Bajio region.
The weekly Davis Index in North Mexico for #1HMS remained at MXN10,110/mt delivered Mexico consumer on Friday. P&S 5ft shredded, and machine shop turnings also held unchanged at MXN11,678/mt delivered MXN11,575/mt, and MXN9,347/mt delivered, respectively.
In Central Mexico, the weekly Davis Index for #1HMS climbed by MXN50/mt to MXN11,800/mt delivered Mexico consumer on Friday, while P&S 5ft settled unchanged at MXN12,500/mt delivered. Shredded increased by MXN70/mt to MXN12,200/mt delivered Mexico consumer. Machine shop turnings trended flat at MXN10,450/mt delivered, as did #1 busheling at MXN12,740/mt delivered.
Bajio Mexico’s weekly index for #1HMS climbed by MXN264/mt to MXN10,467/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN295/mt to MXN11,378/mt delivered. Shredded increased by MXN45/mt to MXN11,917/mt delivered, while machine shop turnings moved up by MXN329/mt to MXN9,417/mt delivered and #1 busheling jumped MXN335/mt to MXN12,143/mt delivered.