Mexican ferrous scrap prices continued their downward trend in the week ended Friday, June 3rd. Market representatives predict that this decline will not end but will continue.
During the week's trading, buyers suppressed prices and reduced prices by as much as $20.
Overall, price cuts for primary scrap were less steep due to limited supply, but prices for most products fell.
According to market participants waiting to see the outcome of the June deals in the US scrap markets, the price cuts are not coming to an end.
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