Mexico's prime scrap prices increase, secondary grades steady

March 10, 2021 / www.metalbulletin.com / Article Link

Prime scrap grades in Mexico's main ferrous scrap markets registered gains in the week ended Friday March 5, while the secondary grades were stable, with buyers' and sellers' price pressure increasing again.

Scrap sellers were heard raising busheling prices in both markets due to low availability of the material, following recent price cuts heard in late February.
 
Most sellers are no longer willing to accept prices lower than 9,000 pesos ($433) per tonne for No1 busheling, Fastmarkets has learned.

But prices for obsolete grades were sideways, with buyers struggling to avoid an increase in...

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