Mexican ferrous scrap prices were little changed in the week ended Friday November 5, with buyers passing on minor price adjustments to certain grades.
Scrap sellers were putting strong pressure on clients, trying to apply price increases after the United States market reached settlements for November with increases of $20 per gross ton in prime scrap grades, and $40-60 per gross ton on most obsolete grades.Mexican market participants usually pay attention to developments in the US market because there is a significant flow of scrap imports and exports between the two countries, and some scrap contracts...