Scrap prices in Mexico increased by an average of MXN77/mt ($3.87/mt) this week amid increasing supply and softening demand.
Prices in Mexico have started following global cues and are decelerating, though the shortage of automotive scrap has kept # 1 busheling prices firm, especially in Bajío, where they increase by MXN316/mt delivered on Friday.
The weekly Davis Index in Northern Mexico for #1HMS increased by MXN28/mt MXN10,200/mt delivered Mexico consumer on Friday, P&S 5ft rose by MXN61/mt to MXN11,788/mt delivered and shredded increased by MXN350/mt t0 MXN12,000/mt. Machine shop turnings declined by MXN100/mt to MXN9,513/mt delivered and #1 busheling prices rose by MXN45/mt to MXN12,863/mt delivered.
In Central Mexico, the weekly Davis Index for #1HMS was rangebound at MXN11,850/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN50/mt to MXN12,700/mt delivered. Shredded grew by MXN100/mt to MXN12,200/mt delivered, machine shop turnings remained unchanged at MXN10,650/mt delivered, as did #1 busheling at MXN12,950/mt delivered.
Bajio Mexico’s weekly index for #1HMS climbed by MXN67/mt to MXN10,607/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN100/mt to MXN11,677/mt delivered. Shredded increased by MXN133/mt to MXN12,100/mt delivered, while machine shop turnings increased by MXN17/mt to MXN9,767/mt delivered and #1 busheling rose MXN316/mt to MXN12,327/mt delivered.