Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Bajío where downward momentum in the United States scrap market has begun to have an impact.
In Mexico’s central Bajío region, Fastmarkets’ weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajío, fell to $4,750 pesos per tonne on Tuesday September 17, from 4,900 pesos per tonne a week earlier.
The price of steel scrap, shredded auto scrap, delivered mill Bajío, fell to 5,000 pesos per tonne, from 5,450 pesos per tonne.
At least two major producers in the country have announced cuts of…