Mexico’s domestic ferrous scrap prices decreased across North, Bajío, and Central in tandem with the price declines in the initial monthly trade in the US domestic ferrous scrap market, which began on Feb 4.

 

Prices in Mexico may continue falling in February, in a range that is like the US domestic market which is anticipated to decline by $30-50/mt for #1 HMS and shredded and by $10/mt for #1 busheling, according to market participants.

 

In Central Mexico, the weekly Davis Indexes for all grades fell by MXN250/mt with #1 HMS settling at MXN8,150/mt delivered Mexico consumer, P&S 5ft declining to MXN8,300/mt delivered, shredded at MXN8,100/mt delivered, machine shop turnings falling to MXN7,750/mt delivered, and #1 busheling settling at MXN8,350/mt delivered.

 

In Bajío, the weekly Davis Indexes for #1 HMS fell by MXN375/mt to MXN8,175/mt delivered Mexico consumer, P&S 5ft declined by MXN387/mt to MXN8,463/mt delivered, shredded decreased by MXN100/mt to MXN9,200/mt delivered, machine shop turnings dropped by MXN300/mt to MXN7,600/mt delivered, and #1 busheling fell by MXN150/mt to MXN8,800/mt delivered.

 

In North Mexico, the weekly Davis Indexes for #1 HMS fell by MXN135/mt to MXN8,400/mt delivered Mexico consumer, P&S 5ft declined by MXN45/mt to MXN9,200/mt delivered, shredded decreased by MXN130/mt to MXN9,150/mt delivered, machine shop turnings fell by MXN130/mt to MXN8,450/mt delivered, and #1 busheling went down by MXN65/mt to MXN9,350/mt delivered.

 

($1=MXN20.14)

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