Mexican ferrous scrap prices edge up on low availability, occasional deals

Mexican scrap prices were stable or higher last week as low availability for some grades led to exceptional deals at increased prices, according to sources.

Market participants reported that some scrap buyers had planned a 200 pesos ($8) price cut for last week, but by the end of the week such changes were not applied.
“In the whole month of April, buyers announced price cuts of around 1,000 pesos, but in the end the price fell by 400 pesos only,” a Mexican scrap dealer said.

But some deals were reported at higher levels for occasional purchases, with buyers...

Published

Felipe Peroni

May 05, 2020

20:09 GMT

São Paulo