Mexican ferrous scrap prices largely stable amid negative sentiment

Mexican steel scrap prices changed little in the week ended Friday January 24, with market participants waiting to see a clearer definition of the international price trend.

Until the previous week, Mexican prices had shown consecutive price rises, but this was interrupted by a shift in the global trend for the raw material.

Fastmarkets’ weekly assessment of the steel scrap No1 heavy melt consumer buying price, delivered mill Monterrey, was 5,240 pesos ($277) per tonne...

Published

Felipe Peroni

January 28, 2020

19:28 GMT

São Paulo