Mexican steel scrap prices continued their upward trend in the week ended Friday January 8, especially in the country's central Baj?-o region, while most prices were stable in the northern Monterrey region.
Several steel producers in Baj?-o and nearby San Luis Potos?- state have increased their buying prices by around 200 pesos ($10) per tonne for most grades, in order to secure volumes, according to market sources.Fastmarkets assessed the steel scrap, No1 busheling, consumer buying price, delivered mill Baj?-o, at 8,650 pesos ($430) per tonne on January 12, an increase of 250 pesos per tonne from 8,400 pesos per tonne in the previous week....