Mexican prime scrap prices continue to rise on strong demand

Prices for No1 busheling steel scrap in Mexican main markets increased in the week ended on Friday March 12, while upward pressures grew for other grades as well.

Buyers continued to increase prices for prime scrap to secure volumes. In rare cases, the material was heard trading above 10,000 pesos ($473) after the second consecutive week of strong buying activity.
Prices of obsolete grades, such as No1 heavy melt scrap, were stable or slightly lower this past week. Prices for plate and structure started to increase, with demand from some clients rising.

Fastmarkets assessed the steel scrap,...

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