Mexican scrap prices have logged further gains, with optimism growing due to steady demand and a positive ferrous scrap settlement for December in the United States.
Prices for most grades of scrap in the region of Monterrey city in northern Mexico rose by 175-225 pesos ($9-12) compared with the previous week, except for machine shop turnings.The assessments for steel scrap cut structural/plate 3ft max and No1 heavy melt increased...