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.