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

Mexico domestic ferrous scrap prices remained unchanged for most grades on Friday despite tight supply.


In the northern region, the weekly Davis Index for HMS 1&2 (80:20) was flat to MXN5,800/mt ($247.6/mt) delivered Mexico consumer on Friday. The index for machine shop turnings remained unchanged at MXN4,900/mt delivered and rose by MXN100 for #1busheling to MXN5,900/mt delivered. The index for P&S 5ft in the north increased by MXN100/mt to MXN5,800/mt delivered Mexico consumer.


The Davis Index in the Bajío region rose by MXN17/mt to MXN5,800/mt delivered Mexico consumer for HMS 1&2 (80:20), but remained unchanged for machine shop turnings to MXN5,000/mt delivered. The index for #1busheling rose by MXN10/mt to MXN6,000/mt delivered and increased by MXN33/mt to MXN5,700/mt delivered for P&S 5ft.


In the central region, the index rose by MXN50/mt to MXN5,750/mt delivered Mexico consumer for HMS 1&2 (80:20) and was flat for machine shop turnings at MXN4,900/mt delivered. The index for #1 busheling in Central Mexico increased MXN100/mt to MXN5,900/mt delivered on Friday but held at MXN5,800/mt delivered for P&S 5ft.


Mexican recyclers expect lower scrap collection in the three regions of the country due to restrictions related to COVID-19 containment.


($1= MXN23.43)

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