Prices for ferrous scrap remained stable in Mexico's central Baj?-o region and moved slightly lower in the northern region of Monterrey during the week to Tuesday November 12, but market participants were optimistic about price increases to come.
Fastmarkets' weekly assessment for steel scrap No1 busheling, consumer buying price, delivered mill Monterrey declined by 50 pesos to 4,400 pesos ($230) per tonne from 4,450 pesos per tonne in the previous week. Similarly, the assessment for steel scrap shredded auto scrap, consumer buying price, delivered mill Monterrey slipped to 4,350 pesos ($227) per tonne from 4,400 pesos per tonne on November 5.The assessment for steel scrap, No1 heavy melt, consumer...