Ferrous scrap prices in the Mexican domestic market soared in central Baj?-o region during the week ended Friday November 13, while remaining stable in the north of the country, amid strong demand for steel.
At least two steelmakers in the Baj?-o region were heard increasing prices, as customers were competing to secure supply of the steelmaking raw material.Fastmarkets assessed the steel scrap No1 heavy melt, consumer buying price, delivered mill Baj?-o at 6,800 pesos ($332) per tonne on Tuesday November 17, up by 250 pesos...