Mexican steel scrap prices steady as buyers resist increases

Mexican steel scrap prices were mostly stable over the week ended Friday November 26, with few increases reported, and buyers resisting attempts at price increases due to the weak steel market.

Most major steel producers did not apply any increases to buying prices during the week, because clients were still digesting the price rises applied in previous weeks.

But there was increased buying activity in the region of San Luis Potosí, where buyers were competing for material and accepting higher prices from some...

Published

Felipe Peroni

November 30, 2021

20:10 GMT

São Paulo