Mexican ferrous scrap prices mostly stable; dealers prepare for further cuts

Mexican scrap prices were largely stable this week, with buyers trying to apply previously announced price cuts while waiting for further movements.

Market participants were holding off on committing to additional price adjustments until October settlements were completed in the United States' main markets. News of $40-per-gross-ton reductions in prime scrap prices in Chicago for October shook the market in Mexico, where scrap dealers closely follow the trends in the US market. Because of this,...

Published

Felipe Peroni

October 08, 2019

21:22 GMT

São Paulo