Domestic ferrous scrap prices in North Mexico increased for most grades due to higher demand from the automotive and construction industries. Prices in the Bajío region were flat to down depending on grade and remained unchanged in Central Mexico.
In Northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) increased by MXN125/mt to MXN5,500/mt delivered Mexico consumer, while machine shop turnings rose by MXN492/mt to MXN5,550/mt delivered. The index for #1 busheling rose by MXN332/mt to MXN6,350/mt delivered. However, the index for P&S 5ft decreased by MXN238/mt to MXN5,600/mt delivered, while shredded fell by MXN84/mt to MXN6,636/mt delivered.
The weekly Davis Index in Bajío for HMS 1&2 (80:20) fell by MXN100/mt to MXN5,750/mt delivered Mexico consumer while P&S 5ft declined by MXN60/mt to MXN5,800/mt delivered. The indexes for machine shop turnings and #1 busheling remained unchanged at MXN4,950/mt delivered and MXN5,950/mt delivered, respectively. The index for shredded increased by MXN541/mt to MXN6,534/mt delivered.
In Central Mexico, the Davis Index remained unchanged for all grades except shredded, which rose by MXN240/mt to MXN6,533/mt delivered Mexico consumer. The index for HMS 1&2 (80:20) held at MXN5,350/mt delivered, while P&S 5ft was flat at MXN5,100/mt delivered. Machine shop turnings and #1busheling remained unchanged at MXN4,150/mt delivered and MXN6,080/mt delivered, respectively.
($1=MXN21.11)