Mexican ferrous scrap prices fall on wide gap between buyers

Steel scrap prices in the main Mexican markets of Monterrey and Bajio continued their downward trend in the week ended Friday October 15, but prices diverged widely between buyers.

Price cuts of 300-700 pesos ($14-34) per tonne were common last week, with some scrap buyers seeing comfortable inventory levels and steady supply. Fastmarkets’ assessment of the steel scrap No1 heavy melt, consumer buying price, delivered mill Monterrey was at 7,400 pesos ($357) per tonne on Tuesday...

Published

Felipe Peroni

October 19, 2021

21:54 GMT

São Paulo