Mexican steel scrap prices up as market remains strong

Ferrous scrap prices in the main Mexican domestic markets increased in the week ended Friday November 27, with some companies applying increases in order to secure supply amid low availability and steady demand.

Early last week, at least one company in the region near the northern city of Monterrey applied price increases, and afterwards some scrap sellers were able to achieve higher deals with other companies in the region, sources told Fastmarkets.
In the central Bajío region, different trends were reported, with steelmakers in San Luis Potosí state heard buying at higher prices than before, while clients in other states heard few changes to their prices.

Fastmarkets assessed the steel scrap, No1 busheling, consumer buying price, delivered...

Published

Felipe Peroni

December 01, 2020

20:45 GMT

São Paulo