Uptrend persists in Mexican ferrous scrap market

November 04, 2020 / www.metalbulletin.com / Article Link

Prices continued to increase for some grades in Mexico's main steel scrap markets, amid strong domestic demand and expectations of higher prices for imported material.

A few companies were heard to be increasing prices in both the Monterrey and Baj?-o regions, while the majority did not announce any price changes.
But some scrap buyers were trying to secure batches and negotiating volumes at prices above the market level, amid low scrap supply and steady demand.

Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Baj?-o at 6,800 pesos ($319) per tonne on Tuesday November 3, up by 50 pesos from 6,750 pesos per tonne...

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