Domestic ferrous scrap prices fell in Mexico’s Northern and Bajío regions after mills decreased their purchase prices by around MXN200/mt ($8.9/mt). However, they were unchanged in the Central area on Friday, as demand continues improving slowly.
A market participant pointed out that if scrap prices fall in the US this month, Mexican mills and recyclers will take advantage and import #1 busheling to make up for the shortage of the material over the last two weeks.
In Northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) fell by MXN180/mt to MXN5,300/mt ($236.2/mt) delivered Mexico consumer on Friday. The index for machine shop turnings fell by MXN90/mt to MXN4,500/mt delivered, but increased by MXN115/mt for #1busheling to MXN5,750/mt delivered. The index for P&S 5ft fell by MXN85/mt to MXN5,550/mt delivered Mexico consumer.
The weekly Davis Index in Bajío decreased by MXN200/mt to MXN5,325/mt delivered Mexico consumer for HMS 1&2 (80:20), and fell by MXN90 at MXN4,460/mt for machine shop turnings. The index for #1 busheling was flat MXN 5,525/mt delivered, and fell by MXN200/mt to MXN5,300/mt delivered for P&S 5ft.
In Central Mexico, the Davis Index for HMS 1&2 (80:20) decreased by MXN300/mt to MXN4,900/mt delivered, and rose by MXN5/mt to MXN4,225/mt for machine shop turnings. The index for #1 busheling in the region fell by MXN200/mt to MXN5,450/mt delivered on Friday, and decreased by MXN125/mt to MXN5,300/mt delivered for P&S 5ft.