Mexican ferrous scrap prices continued trending up, with an average increase of MXN190/mt ($9.60/mt) in the three zones, in part due to higher prices in the steel sector.
The highest increases were seen in machine shop turnings and #1 busheling, both of which grew by over MXN400/mt this week.
The weekly Davis Index in Northern Mexico for #1HMS rose by MXN105/mt to MXN9,738/mt delivered Mexico consumer on Friday, while P&S 5ft increased by MXN308/mt to MXN11,283/mt delivered. Shredded climbed by MXN150/mt to MXN11,225/mt and machine shop turnings moved up by MXN454/mt to MXN9,192/mt delivered while #1 busheling prices rose by MXN442/mt to MXN12,177/mt delivered.
In Central Mexico, the weekly Davis Index for #1HMS climbed by MXN250/mt to MXN11,250/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN200/mt to MXN11,950/mt delivered. Shredded increased by MXN50/mt to MXN11,600/mt delivered, machine shop turnings were up by MXN200/mt to MXN9,900/mt delivered, and #1 busheling went up MXN300/mt to MXN12,250/mt delivered.
Bajio Mexico’s weekly index for #1HMS climbed by MXN34/mt to MXN9,667/mt delivered Mexico consumer on Friday, while P&S 5ft rose by MXN100/mt to MXN10,633/mt delivered. Shredded increased by MXN142/mt to MXN10,817/mt delivered, while machine shop turnings increased by MXN67/mt to MXN8,950/mt delivered and #1 busheling rose MXN50/mt to MXN11,733/mt delivered.