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

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.



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