Mexican ferrous scrap prices soared last week following gains in the United States' market, continuing the upward drive that began in late December in the region of Monterrey - capital of the northeastern Mexican state of Nuevo Le??n - and in the country's central Baj?-o region.
Fastmarkets' weekly assessment of the steel scrap No1 HMS, consumer buying price, delivered mill Bajio was at 5,200 pesos ($276) per tonne on Tuesday January 14, up by 5.1% from 4,950 pesos per tonne the previous week. Similarly, the assessment of the consumer buying price for No1 busheling, delivered mill Bajio rose by 6.7% to 5,600 pesos per tonne from 5,250 pesos per tonne in the same comparison.
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