Mexican ferrous scrap market sees some price cuts in Bajio

Ferrous scrap prices in Mexico were stable or down in the steelmaking regions of Bajio and Monterrey during the week to Tuesday June 2 due to currency moves and the weak performance of the steel sector.

At least two steel plants in the Bajío region announced a cut of 100 pesos ($4.50) per tonne in scrap values, which was reflected in lower prices for most grades assessed by Fastmarkets. Fastmarkets’ assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Bajio was at 5,100 pesos per tonne on Tuesday June 2, down by 200 pesos from 5,300 pesos per tonne the previous week. The assessment for the steel scrap No1 busheling, consumer buying price,...

Published

Felipe Peroni

June 02, 2020

20:45 GMT

São Paulo