Mexican sales of scrap metal by large collecting and processing yards decreased 27.1 percent, year-over-year, in August, the fourteenth consecutive annual decline, according to SteelOrbis analysis of data from the national statistics agency Inegi.
In the January-August period, wholesale scrap sales in the Mexican steel market decreased 26.1 percent. It is the worst percentage contraction in 14 years, only surpassed by the 38.4 percent drop in the same period in 2009.
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 27.1 percent drop in sales corresponds to total activities. Of that total, metal scrap concentrated 68.4 percent of the total sales of said industry.