Mexican scrap prices little changed after past price reductions

Mexican ferrous scrap prices were little changed in the week ended Friday February 14, with most buyers refraining from making any changes after several price cuts in the preceding two weeks.

In the country’s northern Monterrey region, prices remained stable for four grades, while the price of HMS 1-grade scrap decreased. In the central Bajío region, three grades had lower prices, with one remaining stable and one grade showing an increase.

Most scrap buyers have decided to wait for a clearer trend in global scrap...

Published

Felipe Peroni

February 18, 2020

20:38 GMT

São Paulo