Mexico’s domestic ferrous scrap prices were flat for most grades as concerns over low supply increased among recyclers.
According to some market participants, some of the biggest mills are buying scrap directly from small storage yards at generous prices, which is increasing the lack of material.
In northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) fell by MXN25 at MXN5,775/mt ($230.7/mt) delivered Mexico consumer on Friday. The index for machine shop turnings rose by MXN50 to MXN5,000/mt delivered, and was up by MXN25 for #1busheling to MXN5,875/mt delivered. The index for P&S 5ft in the north was flat at MXN5,800/mt delivered Mexico consumer.
The weekly Davis Index in the Bajío region remain unchanged at MXN5,750/mt delivered Mexico consumer for HMS 1&2 (80:20) and was up by MXN75/mt to MXN5,000/mt for machine shop turnings. The index for #1busheling fell by MXN75/mt to MXN5,850/mt delivered and remain unchanged at MXN5,500/mt delivered for P&S 5ft.
In the central region, the index remained unchanged at MXN5,525/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 was flat at MXN5,825/mt delivered on Friday and at MXN5,625/mt delivered for P&S 5ft.