US & Mexico Weekly Scrap Report (April 30, 2021)

 

Executive Summary

USA MARKET COMMENTARY

1. WIDE AND WIDER: US UBC discounts post new record high at… cent/lb.

2. HOT DEMAND: 6061 turnings demand and prices continue to increase.

3. REPLACING PRIME: Rising demand for EC scrap as a replacement of prime.

4. RISING A356 SCRAP DEMAND. Furnace sweeteners in high consumer demand

MEXICAN MARKET COMMENTARY

1. BEARISH PRESSURE: Old cast price range and demand soften

2. EXTREME TIGHTNESS: Availability of 6063 scrap shrinks further

More details in full report.

 

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