Mexican ferrous scrap prices continue to climb, market remains optimistic

Ferrous scrap prices in Mexico continued to rise across nearly all grades in the week ended Friday June 11, with most consumers struggling to secure volumes.

Both the obsolete and prime grades are in heavy demanded, with the market outlook for most steel products positive. Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,200 pesos ($566) per tonne on June 15, up by 350 pesos from 10,850 pesos per tonne a week  and by...

Published

Felipe Peroni

June 15, 2021

20:01 GMT

São Paulo