The value of wholesale metal scrap sales at large collection depots in Mexico decreased 20.9 percent in April, year over year. There have been 22 consecutive months of decline, since July 2022. It is the worst recession in this industrial branch in the last 16 years, according to SteelOrbis analysis of data from the national statistics agency Inegi.
Of the 22 months in annual contraction, 21 are double digits. The worst drop was last March with an annual drop of 33.5 percent.
The Inegi information corresponds to the trade with wholesale sales of waste materials, which includes the sale of metal scrap, glass, plastic, paper and cardboard, among other reusable waste. The reported drop corresponds to the total activities. Of that total, metal scrap concentrated 68.4 percent of the total sales of said industry.