Domestic ferrous scrap prices increased in Central Mexico on better demand for some grades but trended flat to down for most grades in the Bajío and northern region.

 

However, market participants in Bajío expect prices in the region to stabilize in August after most grades declined by around MXN200/mt ($8.9) through most of July.

 

In Northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) and #1 busheling fell by MXN463/mt and MXN25/mt to MXN4,837/mt delivered Mexico consumer and MXN5725/mt delivered, respectively. The indices for P&S 5ft, shredded, and machine shop turnings, on the other hand, increased by MXN109/mt, MXN378/mt, and MXN50/mt to MXN5,559/mt delivered, MXN5,727/mt delivered, and to MXN4,500/mt delivered Mexico consumer, respectively.

 

The weekly Davis Index in Bajío for HMS 1&2 (80:20) declined by MXN100/mt to MXN5,200/mt delivered Mexico consumer and fell for machine shop turnings by MXN50/mt to MXN4,400/mt, delivered. The index for shredded and P&S 5ft was unchanged at MXN5,300/mt delivered and MXN5,400/mt delivered, respectively, and rose for #1 busheling by MXN150/mt to MXN5,250/mt delivered.

 

In Central Mexico, the Davis Index for HMS 1&2 (80:20) increased by MXN50/mt to MXN4,600/mt delivered and rose by MXN100/mt to MXN4,100/mt delivered for machine shop turnings. The Davis Index for P&S 5ft also went up by MXN100/mt to 5,100/mt delivered. The index for #1 busheling in the region dropped by MXN600/mt to MXN4,900/mt delivered on Friday, while the index for shredded held at MXN4,900/mt delivered.

 

($1= MXN22.23)

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