Mexico’s domestic ferrous scrap prices remained unchanged for most grades in the north but inched down in the Bajío and Central regions of the country.
Recyclers remain concerned over tight supply of ferrous scrap due to the COVID-19 crisis, which could cause a price war in Mexico’s scrap industry in the short term. Material supply is especially tight in some of Mexico’s east-central states such as Tlaxcala and Puebla, where most car manufacturing facilities are located.
In northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) was flat at MXN5,800/mt ($243.7/mt) delivered Mexico consumer on Friday. The index for machine shop turnings remained unchanged at MXN4,900/mt delivered, and fell by MXN50 for #1busheling to MXN5,850/mt delivered. The index for P&S 5ft in the north was flat at MXN5,800/mt delivered Mexico consumer.
The Davis Index in the Bajío region decreased by MXN50/mt to MXN5,750/mt delivered Mexico consumer for HMS 1&2 (80:20) and fell by MXN75/mt to MXN4,925/mt for machine shop turnings. The index for #1busheling fell by MXN75/mt to MXN5,925/mt delivered and decreased by MXN200/mt to MXN5,500/mt delivered for P&S 5ft.
In the central region, the index fell by MXN225/mt to MXN5,525/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 went down by MXN75/mt to MXN5,825/mt delivered on Friday and dropped by MXN175/mt to MXN5,625/mt delivered for P&S 5ft.
($1= MXN23.77)