Mexican ferrous scrap prices down amid weak demand

Ferrous scrap prices in Mexico decreased for most grades over the past week due to the downward trend in international markets and continued weak domestic demand.

Some mills in the country were applying price cuts of around 150 pesos ($6.51) for busheling scrap and the movement affected other grades. Fastmarkets’ assessment of steel scrap No1 busheling, consumer buying price, delivered mill Monterrey dropped by 200 pesos to 6,000 pesos per tonne on Tuesday June 30 from 6,200 pesos per tonne a week earlier, while the steel scrap No1 heavy melt, consumer...

Published

Felipe Peroni

June 30, 2020

21:35 GMT

São Paulo