Prices for most ferrous scrap grades in Mexico's steelmaking regions of Monterrey and Baj?-o logged slight increases in the week ended Friday August 16, with some sellers were reportedly receiving higher spot prices from certain consumers.
In the Monterrey region, a major mill was heard to be raising prices for higher grades of scrap, including busheling, by around 300 pesos per tonne - the second increase in a row after a price rise of 200 pesos per tonne in the previous week. Sources believed the changes from this buyer were a reaction to the recent dollar volatility. But prices from most scrap consumers were unchanged over the week.Fastmarkets' weekly assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, stood at 4,950 pesos per tonne on Tuesday August...