Mexican domestic ferrous scrap prices increased on Monday in the north and the Bajio region due to a shortage of supply stemming from the COVID-19 pandemic.The Davis Index for HMS 1&2 (80:20) rose to 5,450 Mexican pesos/mt ($215/mt), up from 5,250 pesos/mt ($207/mt), a week earlier in the North.
While prices of HMS 1&2 in the Bajío region rose to 5,300 pesos/mt ($214.7/mt), up from 5,175 pesos/mt ($204.1/mt) a week earlier.
Prices in the central region also rose to 5,500 pesos/mt ($218.3/mt), up from 5,300 pesos/mt ($210.4/mt).
The weekly Davis Index price for MST in the north of the country increased to 4,400 pesos/mt ($173.7/mt), slightly up from 4,200 pesos/mt ($165.8/mt) a week earlier.
The prices of HMS 1&2 in the Bajío region are at 4,900 pesos/mt ($193.7/mt), up from 4,200 pesos/mt ($166/mt), a week earlier.
Prices in the central area of the country rose to 4,900 pesos/mt ($194.5/mt), up from 4,800 pesos/mt ($190.6/mt) a week earlier.
The index for busheling in the north of the country reached 5,450 pesos/mt ($215.2/mt), slightly down from last week’s 5,400 ($213.4/mt).
Prices in the Bajío region for busheling reached 5,475 pesos/mt ($216.8/mt). Prices in the central region rose to 5,600 pesos/mt ($222.6/mt), up from 5,300 pesos/mt ($210.6/mt).
The Davis Index for P&S 5ft in the north region was up slightly to 5,300 pesos/mt ($210.9/mt), from 5,200 pesos/mt ($206.9/mt). While prices in the Bajio area reached 5,300 pesos/mt ($210.8/mt), up from 4,200 pesos/mt ($167.1/mt), and in the central region prices were at 5,650 pesos/mt ($224.8/mt), up from 5,500 pesos/mt ($218.8/mt).