Steel scrap prices in Mexico fell again in the week ended Friday October 1, with some market participants reporting that the market could be close to a bottom.
Many buyers in both of Mexico's main regions have applied price cuts for most grades, and some plan additional decreases in the week ahead."The market continues in a negative trend," a Mexican scrap seller said.One major buyer, for example, has applied price cuts of 300 pesos ($15) per tonne and was analyzing the market to see if there was room for...