Uptrend persists in Mexican steel scrap prices amid gradual recovery

摘要

Mexican steel scrap prices increased week on week, maintaining an uptrend started in late July, with the country’s manufacturing sector continuing to recover gradually from the Covid-19 pandemic and companies expecting higher scrap prices in the United States. Sources reported that at least one company in the region near the northern city of Monterrey increased its prices by around 100-200 pesos ($5-9) per tonne, while another consumer in the central Bajío region applied price increases of 200-300 pesos per tonne.