Mexican ferrous scrap prices fall for 5 grades amid additional cuts

Ferrous scrap prices in Mexico edged down for five grades, while five other grades were stable, amid adjustments applied by some buyers in the week ended Friday February 28.

At least one buyer in Mexico was heard applying a 200-pesos ($10.18) price cut late last week, because of a comfortable level of inventories, sources told Fastmarkets.
Fastmarkets' weekly assessment for steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey, dropped to 5,050 pesos ($257) per tonne on Tuesday March 3, from 5,150 pesos per tonne previously.

The assessment for steel scrap...

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