Mexican ferrous scrap prices were on opposite paths in the week ended Friday May 22, with prices rising in some deals due to a scarcity of material while others fell due to currency moves.
Prices for three grades of scrap increased in Monterrey, with at least one client heard quietly purchasing small volumes of specific grades at higher prices.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 6,100 pesos per tonne on Tuesday, up by 100 pesos from 6,000 pesos per tonne on May 19. The consumer...