Mexican scrap prices have increased, particularly in the country's northern region, with consumers maintaining low inventories of certain scrap products while the country's market catches up to past increases in the United States' scrap industry.
In the region near the country's northern city of Monterrey, all five grades of scrap have increased, mainly due to the impact of recent price changes in the US.Fastmarkets' weekly assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey increased by 2.8% to 5,240 pesos per tonne on Tuesday January 21, from 5,100 pesos per tonne the previous week, and that for No1 busheling, delivered mill Monterrey rose by 4.2% to 5,730 pesos...