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

Ferrous scrap prices trended down in Mexico on Friday after a month of increases due to strong domestic demand. 


Scrap prices in the region declined by an average of MXN55/mt ($2.74/mt) on Friday as supply outpaced demand and imports of ferrous scrap increased.


In Northern Mexico, the weekly Davis Index for P&S 5ft gained MXN150/mt compared to last week, to MXN11,938/mt delivered while #1 HMS increased by MXN13/mt to MXN10,213/mt delivered Mexico consumer. Shredded grew by MXN50/mt to MXN12,050/mt delivered, machine shop turnings trended flat at MXN9,513/mt delivered and busheling increased by MXN70/mt to MXN12,933/mt delivered.


The weekly Davis Index in Central Mexico for #1 HMS moved down by MXN200/mt to MXN11,650/mt delivered Mexico consumer on Friday, while P&S 5ft fell by MXN100/mt to MXN12,600/mt delivered. Shredded decreased by MXN50/mt to MXN12,250/mt delivered, while machine shop turnings fell by MXN200/mt to MXN10,450/mt delivered. The index for #1 busheling remained unchanged at MXN12,950/mt delivered.


The weekly Davis Index in Bajio Mexico for P&S 5ft decreased by MXN60/mt to MXN11,617/mt delivered. Shredded dropped by MXN33/mt to MXN12,067/mt delivered, and busheling was flat at MXN12,643/mt delivered on Friday, while #1 HMS and machine shop turnings fell steeply by MXN234/mt, to MXN10,373/mt and MXN12,643/mt delivered, respectively.


($1 = MXN20.05)

Leave a Reply

Your email address will not be published.