Mexican ferrous scrap prices continue to slide

Consumers of ferrous scrap in the main Mexican markets of Monterrey and Bajio have applied a series of price cuts, effectively avoiding higher offers and extending the industry downtrend.

A large steelmaker near the northeastern Monterrey city was said to have lowered prices by around 1,000 pesos ($50) per tonne, depending on the grade, several market participants said. Other buyers in both regions covered by Fastmarkets were lowering prices more mildly, by around 250-300 pesos per tonne, depending on volumes available. And the downtrend is not over yet, with two steelmakers heard announcing price...

Published

Felipe Peroni

September 28, 2021

21:14 GMT

São Paulo