Ferrous scrap prices in Mexico went up another level in the week ended Friday March 19, amid a continuing rally in prime scrap values.
Demand for prime grades of scrap continued to rise during the week, with sellers being successful in getting better deals. Price increases from the previous week came into full effect, and there were also reports of fresh price rises from some steelmakers in both the Baj?-o and Monterrey regions.For obsolete grades, prices also edged upward, especially in cut plate and structural scrap (P&S), motivated by the increase...