Mexican ferrous scrap prices see increases in three grades as sentiment improves

Prices for certain grades of ferrous scrap rose in the Mexican steelmaking regions of Bajío and Monterrey over the past week, with some consumers already applying price increases to secure their supply.

In Mexico’s central Bajío region, at least one steelmaker increased prices by up to 200 pesos ($10) per tonne last week, while other steelmakers were telling scrap sellers that they will struggle to keep their prices stable. Fastmarkets’ weekly assessment for the steel scrap, No1 busheling, consumer buying price, delivered mill Bajio held at 4,500 pesos per tonne on Tuesday December 3, while the price assessment for shredded auto...

Published

Felipe Peroni

December 03, 2019

21:50 GMT

São Paulo