Mexican ferrous scrap prices inch up in Monterrey, hold in Bajío on low supply

Prices for ferrous scrap in Mexico increased slightly in the northern steelmaking region of Monterrey in the week to Tuesday November 5, while prices were flat in the central steelmaking region of Bajio.

Market participants are more optimistic about prices, with indications that scrap prices in the United States could see a modest recovery in November.
In Monterrey, word circulated that at least one steelmaker was increasing prices after a period of low supply. Other companies preferred to wait and see the developments in the US market before making any decisions.

“We will make...

Published

Felipe Peroni

November 05, 2019

20:30 GMT

São Paulo