Steel scrap prices in Mexico were mostly stable in the steelmaking regions of Bajio and Monterrey in the week ended Friday August 13, with buyers and sellers disputing whether to reduce prices.
Price cuts for several grades of scrap were announced in the last two weeks by at least two steel producers, following a similar trend in international prices. Total price reductions could amount to 400-450 pesos ($20-23) per tonne, sources said.But there were reports of deals being closed at stable prices, with scrap requirements continuing to be high.Fastmarkets' weekly assessment of the steel scrap No1 heavy...