Mexican ferrous scrap prices continued to increase during the week ended Friday June 4, with demand for steel and raw materials remaining strong.
Some scrap buyers accepted price adjustments to their buying prices for certain grades, with sellers using higher-priced deals to leverage negotiations with buyers who insisted on lower prices.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 10,850 pesos ($544) per tonne on Tuesday June 8, up...