Mexican ferrous scrap prices continue to decrease

Mexican ferrous scrap prices posted widespread declines in the week ended on Friday September 17 despite steady demand in the country.

Almost all scrap buyers reduced their prices during the week, with most reductions ranging from 300-500 pesos ($15-25) per tonne, market participants said. The movement was believed to be a lagged response to lower ferrous scrap prices in the United States due to decreases in the September settlement. Fastmarkets’ assessment of...

Published

Felipe Peroni

September 21, 2021

19:29 GMT

São Paulo