June 2, 2023
Executive Summary
USA MARKET COMMENTARY
NO RELIEF. Twitch, zorba and old cast prices remain at multi-month lows in the US or abroad, seemingly immune to lower generation.
WEAKNESS PERSISTS. US UBC spot demand muted; discounts +50 cent/lb.
MEXICAN MARKET COMMENTARY
NO HOME, NO FLOWS. Scrap demand plummets and cash flow issues intensify.