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

Mexico’s domestic ferrous scrap prices dropped for most grades as concerns over low supply increased among recyclers in the region. According to some market participants, prices dropped by around MXN200/mt ($8.3/mt) over the last week. 


In northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) fell by MXN125 to MXN5,650/mt delivered Mexico consumer on Friday. The index for machine shop turnings fell by MXN75 to MXN4,925/mt delivered, and decreased by MXN100 for #1busheling to MXN5,775/mt delivered. The index for P&S 5ft in the north fell by MXN50 to MXN5,750/mt delivered Mexico consumer.


The weekly Davis Index in the Bajío region fell by MXN200 to MXN5,550/mt delivered Mexico consumer for HMS 1&2 (80:20) and decreased by MXN100/mt to MXN4,900/mt for machine shop turnings. The index for #1busheling dropped by MXN175/mt to MXN5,675/mt delivered and fell by MXN75 at MXN5,425/mt delivered for P&S 5ft.


In the central region, the index fell by MXN225 to MXN5,300/mt delivered Mexico consumer for HMS 1&2 (80:20) and held at MXN4,900/mt delivered for machine shop turnings. The index for #1 busheling in Central Mexico dropped by MXN75 to MXN5,750/mt delivered on Friday and also decreased by MXN175 at MXN5,450/mt delivered for P&S 5ft.


($1= MXN24.04)

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