Mexico’s domestic ferrous scrap prices rose for most grades in the country’s Bajío and northern regions on Friday.

 

According to some market participants in the North, prices are expected to fall over the next few months as supply and demand balances after the automotive industry resumed production in the region. 

 

In northern Mexico, the weekly Davis Index for HMS 1&2 (80:20) fell by MXN35/mt to MXN5,965/mt ($266.7/mt) delivered Mexico consumer on Friday. The index for machine shop turnings rose by MXN150/mt to MXN4,900/mt delivered, and was up by MXN70/mt for #1busheling to MXN6,170/mt delivered. The index for P&S 5ft in the north also increased by MXN270/mt to MXN6,070/mt delivered Mexico consumer. 

 

The weekly Davis Index in Bajío increased by MXN75/mt to MXN5,825/mt delivered Mexico consumer for HMS 1&2 (80:20), and was up by MXN100/mt to MXN4,550/mt for machine shop turnings. The index for #1busheling rose by MXN75/mt to MXN 6,025/mt delivered and increased by MXN75/mt to MXN5,675/mt delivered for P&S 5ft.

 

In Central Mexico, the Davis Index for HMS 1&2 (80:20) increased by MXN62/mt to MXN5,200/mt delivered and was unchanged at MXN4,220/mt for machine shop turnings. The index for #1 busheling in the region was flat at MXN5,650/mt delivered on Friday and rose by MXN25/mt to MXN5,425/mt delivered for P&S 5ft.

 

($1= MXN22.3)

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