Prices for steel scrap in Mexico continued to rise this week, with supply remaining tight and demand for steel products positive.
Mexican scrap buyers accepted price increases during the week ended Friday July 9 in order to secure supply, and some market participants expect more increases to come this week.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 12,350 pesos ($619) per tonne on Tuesday July 13, up by 350 pesos from 12,000 pesos per tonne a week earlier.
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