Mexican steel scrap prices continue uptrend amid buyer competition

July 21, 2021 / www.metalbulletin.com / Article Link

Mexican ferrous scrap prices continued to increase over the past week, with steelmakers competing to secure limited material and buyers in the key regions of Monterrey and Baj?-o heard accepting higher prices to keep volumes flowing.

Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 12,400 pesos ($622) per tonne on Tuesday July 20, up by 50 pesos from 12,350 pesos per tonne a week earlier.

The assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey also rose by 50 pesos in the same comparison, to...

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