Prices of ferrous scrap in Mexico continued on an uptrend in the last week of 2021, with some buyers accepting higher offers to secure supplies.
Higher prices were seen for three grades of scrap material in Mexico’s central Bajío region, with buyers in nearby San Luis Potosí state competing for material and adding pressure to prices.
Fastmarkets assessed the steel scrap No1 heavy melt, consumer buying price, delivered mill Bajio, at 8,000 pesos ($389) per tonne on Tuesday January 4, up by 450 pesos...