Mexican steel scrap prices decreased in the week ended April 17, with some buyers applying the first round of a series of price cuts planned for the month, and a second group of buyers keeping their prices stable.
In Mexico's central Baj?-o region, steelmakers applied price cuts of 200-400 pesos ($8-17) per tonne last week, and have announced a second round of price cuts of 200 pesos per tonne to start on Wednesday April 22.Fastmarkets' assessment of the steel...