Mexican ferrous scrap prices continue to drop; further price cuts expected

Prices for almost all steel scrap grades continued to drop in Mexico in the week ended Friday October 8, with market participants indicating there was no end in sight for the price reductions.

Some buyers have been applying gradual price adjustments on a weekly basis, while others made sharp decreases at the beginning of the month. More price reductions are being planned, with at least one major scrap buyer announcing cuts of 300 pesos ($15) for all grades in the first two days of the week to Friday October 15 and another reduction of the same amount expected later in...

Published

Felipe Peroni

October 12, 2021

20:31 GMT

São Paulo