Mexican steel scrap prices stable or rising as optimism persists

Mexican steel scrap prices continued their upward trend in the week ended Friday January 8, especially in the country’s central Bajío region, while most prices were stable in the northern Monterrey region.

Several steel producers in Bajío and nearby San Luis Potosí state have increased their buying prices by around 200 pesos ($10) per tonne for most grades, in order to secure volumes, according to market sources.

Fastmarkets assessed the steel scrap, No1 busheling, consumer buying price, delivered mill Bajío, at 8,650 pesos ($430) per tonne on January 12, an increase of 250 pesos per tonne from 8,400 pesos per tonne in the previous week....

Published

Felipe Peroni

January 12, 2021

20:55 GMT

São Paulo