Mexican steel scrap market largely stable, but shows first signs of uptrend

November 17, 2021 / www.metalbulletin.com / Article Link

Mexican ferrous scrap prices were stable for most grades, but sparse reports of price increases and higher-price deals were spotted in what could be the beginning of an uptrend in prices.

At least one Mexican scrap buyer was heard applying slight increases for prime grade scrap, since the material supply was short. There were also reports of higher deals for some obsolete grades.But for most grades, there was an effort from buyers to avoid price raises. Fastmarkets' assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey remained at 6,800 pesos ($331) per...

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