Mexican ferrous scrap prices stable or rising on mixed expectations

Ferrous scrap prices in Mexico remained stable in the country’s northern region over the past week, but increased slightly in the the central Bajío region, because of low availability for certain grades, Fastmarkets heard on Tuesday October 27.

In Bajío, some scrap buyers applied price increases of around 100-200 pesos ($5-10) per tonne during the week ended on October 23, while other buyers did not apply any changes. Price increases were higher in obsolete grades, for which demand was reported to be higher.
Meanwhile, in the region near the northern city of Monterrey, no major changes were seen during the week.

Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Bajío, at 6,750 pesos ($322) per tonne on October 27, up by...

Published

Felipe Peroni

October 27, 2020

19:30 GMT

São Paulo