Mexico scrap market frustrates Texas dealers

Mar 08, 2013 | 05:45 PM | Sean Davidson

Tags  Texas, ferrous scrap, scrap prices, Sean Davidson

NEW YORK — Minimal interest from Mexico and other export markets, coupled with little change in demand from Texas steel mills, has left scrap dealers disappointed as prices failed to gain the traction they had hoped for.
Most market participants in the Texas region said increases in scrap prices for March were anywhere between $15 and $30 higher per gross ton, depending on scrap grade, mill location and the February price level. For the most part, obsolete scrap grades settled March 8 at $20 above February’s level, with prime gaining an additional $5, according to several sources. ....

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