Downtrend persists in Mexican ferrous scrap markets

September 01, 2021 / / Article Link

Mexican steel scrap prices continued to decrease in the week ended on Friday August 27, as most steelmakers applied price cuts because of competition from imported material.

Scrap consumers have been pushing through a series of weekly price cuts due to pressure from lower international prices.Fastmarkets' assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey fell by 150 pesos on Tuesday August 31, to 12,150 pesos ($597) per tonne from 12,300 pesos per tonne.The assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey was down by 250 pesos to 9,750 pesos per tonne on...

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