Mexico’s domestic ferrous scrap prices fell for most grades in Bajio Mexico and North but increased in the central region due to concerns over low supply.
According to some market participants from Bajio, prices dropped by around MXN200/mt ($9.2/mt) over the last week. They expect tightness in supply to continue over the next few weeks as the country’s automotive and manufacturing industries restart for business.
In northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) fell by MXN15/mt to MXN6,000/mt ($277.6/mt) delivered Mexico consumer on Friday. The index for machine shop turnings went down by MXN150/mt to MXN4,900/mt delivered, and fell by MXN70/mt for #1busheling to MXN6,100/mt delivered. The index for P&S 5ft in the north also dropped by MXN220/mt to MXN5,800/mt delivered Mexico consumer.
The weekly Davis Index in Bajío fell by MXN150/mt to MXN5,750/mt delivered Mexico consumer for HMS 1&2 (80:20), and went down by MXN150/mt to MXN4,450/mt for machine shop turnings. The index for #1busheling dropped by MXN150/mt to MXN 5,950/mt delivered and fell by MXN150/mt to MXN5,600/mt delivered for P&S 5ft.
In Central Mexico, the Davis Index for HMS 1&2 (80:20) increased by MXN100/mt to MXN5,138/mt delivered and was up by MXN100/mt to MXN4,220/mt for machine shop turnings. The index for #1 busheling in the region increased by MXN125/mt to MXN5,650/mt delivered on Friday and rose by MXN75/mt to MXN5,400/mt delivered for P&S 5ft.