Mexican steel scrap prices rise as market activity recovers

Ferrous scrap prices in Mexico have increased in the past week, with some steelmakers trying to secure orders amid a recovery in demand from end-users and higher international prices.

Increases were mostly reported in the central Baj?-o region of Mexico, while around the northern city of Monterrey scrap buyers have adopted a wait-and-see stance.
"There is more pressure for price increases in central Mexico at the moment," a source in the scrap market said.

Fastmarkets' assessment of steel scrap No1 busheling, consumer buying price, delivered mill...

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