May 14, 2021
Executive Summary
USA MARKET COMMENTARY
1. HIGH AND HIGHER: ACR scrap prices spike.
2. RECORD MILL PROFITABILITY: UBC discounts reach… cent/lb.
3. NOT RECEDING: US consumers hunting 6063 scrap units.
MEXICAN MARKET COMMENTARY
1. WIDENING RANGE: 6063 scrap prices showing exhaustion signs.
2. RISING TRUCK THEFTS: Booming metal prices making riskier to move metal across regions.
3. UBC DEMAND REMAINS WEAK: Mexico’s UBC market still in a soft patch.
More details in full report.