August 4, 2023
Executive Summary
USA MARKET COMMENTARY
STILL LOW LEVELS. US Twitch producers fail to lift August prices.
US prices for floated twitch remain flat at…
MEXICAN MARKET COMMENTARY
1. CASH FLOW ISSUES. Old cast demand for August on a weaker note.
Our latest intel from the ground indicates that: a) At least two secondary smelters in the Bajio and Jalisco hubs are…
2. COLLECTION IS DECLINING IN MEXICO. Incoming peddler volumes decreasing.
Scrap inflows into yards are tanking. Multiple Mexican scrap dealers/brokers are experiencing a significant…