Ferrous scrap prices in Mexico increased by MXN256/mt ($12.76/mt) on average following sustained demand in the domestic and international scrap markets.
Machine shop turnings witnessed the most notable increases this week with the weekly Davis Index for this grade rising by MXN333/mt to MXN9,750/mt in Bajío and by MXN266/mt to MXN9,613/mt delivered in Northern Mexico on Friday.
The weekly Davis Index in Northern Mexico for #1HMS increased by MXN62/mt MXN10,172/mt delivered Mexico consumer on Friday, P&S 5ft rose by MXN49/mt to MXN11,727/mt delivered. The index for shredded climbed by MXN75/mt to MXN11,650/mt and #1 busheling prices were up by MXN18/mt to MXN12,818/mt delivered.
In Central Mexico, the weekly Davis Index for #1HMS climbed by MXN50/mt to MXN11,850/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN150/mt to MXN12,650/mt delivered. Shredded, however, remained unchanged at MXN12,200/mt delivered. The index for machine shop turnings increased by MXN200/mt to MXN10,650/mt delivered, and #1 busheling rose by MXN210/mt to MXN12,950/mt delivered.
Bajio Mexico’s weekly index for #1HMS climbed by MXN73/mt to MXN10,540/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN199/mt to MXN11,577/mt delivered. Shredded increased by MXN50/mt to MXN11,967/mt delivered, while #1 busheling rose MXN184/mt to MXN12,327/mt delivered.