Domestic ferrous scrap prices decreased in Mexico’s Northern region after mills decreased their purchase price by MXN200/mt ($8.6/mt). However, they were unchanged in the Central and Bajio areas on Friday, as demand slowly improved.
In Northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) fell by MXN100/mt to MXN5,380/mt ($233.3/mt) delivered Mexico consumer on Friday. The index for machine shop turnings fell by MXN110/mt to MXN4,590/mt delivered and dropped by MXN100/mt for #1busheling to MXN5,635/mt delivered. The index for P&S 5ft also fell by MXN100/mt to MXN5,635/mt delivered Mexico consumer.
The weekly Davis Index in Bajío decreased by MXN300/mt to MXN5,525/mt delivered Mexico consumer for HMS 1&2 (80:20), and remained unchanged at MXN4,550/mt for machine shop turnings. The index for #1busheling dropped by MXN500/mt to MXN 5,525/mt delivered, and fell by MXN175/mt to MXN5,500/mt delivered for P&S 5ft.
In Central Mexico, the Davis Index for HMS 1&2 (80:20) decreased by MXN300/mt to MXN4,900/mt delivered, and rose by MXN5/mt to MXN4,225/mt for machine shop turnings. The index for #1 busheling in the region fell by MXN200/mt to MXN5,450/mt delivered on Friday and decreased by MXN125/mt to MXN5,300/mt delivered for P&S 5ft.