Mexico’s domestic ferrous scrap prices fell for most grades in the Bajio and Central area but rose in the North, despite concerns over low supply, which is expected to continue over the next few weeks.
In northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) rose by MXN23/mt to MXN5,573/mt ($232.6/mt) delivered Mexico consumer on Friday. The index for machine shop turnings fell by MXN3/mt to MXN4,847/mt delivered, and rose by MXN93/mt for #1busheling to MXN5,693/mt delivered. The index for P&S 5ft in the north rose by MXN110/mt to MXN5,660/mt delivered Mexico consumer.
The weekly Davis Index in Bajío fell by MXN200/mt to MXN5,350/mt delivered Mexico consumer for HMS 1&2 (80:20), and went down by MXN200/mt to MXN4,700/mt for machine shop turnings. The index for #1busheling dropped by MXN200/mt to MXN5,450/mt delivered and fell by MXN175/mt at MXN5,275/mt delivered for P&S 5ft.
In the central region, the index fell by MXN100/mt to MXN5,225/mt delivered Mexico consumer for HMS 1&2 (80:20) and fell by MXN350/mt to MXN4,325/mt delivered for machine shop turnings. The index for #1 busheling in Central Mexico dropped by MXN225/mt to MXN5,400/mt delivered on Friday and dropped by MXN175/mt to MXN5,275/mt delivered for P&S 5ft.