Ferrous scrap prices in Mexico rose for certain grades on thin deals and low availability, while some price cuts were announced in both Baj?-o and Monterrey regions.
Local steel producers avoided announcing price changes last week, but market participants reported purchases being made at higher prices.Fastmarkets' assessment of the consumer buying price for No1 heavy melt, delivered mill Bajio rose by 100 pesos ($4) to 5,400 pesos per tonne on Tuesday May 19 from 5,300 pesos per tonne the previous week, while that for No1 busheling increased by 100 pesos...