US & Mexico Weekly Scrap Report (July 2, 2021)

Executive Summary

USA MARKET COMMENTARY

1. STRONG DEMAND FOR CUTTER GRADES: Buyers narrowing spreads as demand for prompt units increases.

2. NARROWER 1100 SCRAP DISCOUNTS: US consumers strengthen demand for prompt deliveries of 1100 scrap.

MEXICAN MARKET COMMENTARY

WEAKNESS CONTINUES: Spot scrap business limited, especially for old cast units.

More details in full report.