Mexican steel scrap prices see downtrend in obsolete grades

August 11, 2021 / www.metalbulletin.com / Article Link

Ferrous scrap prices in Mexico were stable or down in the week ended Friday August 6, with some buyers succeeding in applying price cuts for obsolete grades.

In Mexico's central Baj?-o region, at least two buyers were announcing a price reduction of 200 pesos ($10) on all grades.While price decreases were possible for obsolete grades, market participants did not see  one for No1 busheling."There is less supply of busheling, with many automakers...

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