Mexican ferrous scrap prices inched upward during the week ended Friday November 15, with prices for most grades increasing by 150-350 pesos in the steelmaking regions of Bajio and Monterrey.
A seller in the Bajio market expects prices to continue to climb due to tighter local scrap supply and increased prices for imported scrap from the United States. While one outlying Bajio mill trimmed prices due to a maintenance outage, other mills...