The value of scrap metal imported to Mexico decreased 0.5 percent, year-over-year, in August to $84.0 million. With that decrease, it returned to the negative trend of five consecutive months, after the increase in July, according to a SteelOrbis analysis of data from the national statistics agency Inegi.
The value of scrap exports from the Mexican market also decreased 5.0 percent, year over-year, in August to $44 million.
In the accumulated period to August, imports decreased 17.6 percent to $666 million, which is the lowest figure in the last four years. Exports accumulated $351 million, 15.4 percent more than the January-August period of 2023.