Mexican steel scrap prices edge up but show signs of stabilizing

Ferrous scrap prices increased in the main Mexican markets in the week to Tuesday July 27, with some market participants expecting them to stabilize at the current levels.

Prices for prime scrap showed small gains, with the generation of such grades still limited by low output in the automotive sector, and demand remaining strong.

Some sources reported that one scrap buyer was increasing its price for busheling by 200 pesos ($10) per tonne in both Bajío and Monterrey. But further upside for the price of this grade was expected to...

Published

Felipe Peroni

July 27, 2021

19:35 GMT

São Paulo