Mexican ferrous scrap prices inch up; upside said limited

Mexican steel scrap prices rose marginally in the week ended Friday April 30 amid strong demand, although some market participants believe prices are facing limited upside.

Prime grade scrap prices were mostly stable amid tight supply due to a gradual recovery in Mexico's manufacturing sector, which generates scrap. There were increased reports of exports of busheling grades to the United States, where supply of this grade is also reduced, and this could affect...

Published

Felipe Peroni

May 04, 2021

20:33 GMT

São Paulo