Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Baj?-o where downward momentum in the United States scrap market has begun to have an impact.
In Mexico's central Baj?-o region, Fastmarkets' weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o, fell to $4,750 pesos per tonne on Tuesday September 17, from 4,900 pesos per tonne a week earlier.The price of steel scrap, shredded auto scrap, delivered mill Baj?-o, fell to 5,000 pesos per tonne, from 5,450 pesos per tonne.At least two major producers in the country have announced cuts of...