July 29, 2019
Executive Summary
USA MARKET COMMENTARY
1. US shredders and export homes compete for old sheet units.
2. 6061 turnings and pucks boost profitability of some extruders.
3. 6061 sheet, plate, and clip prices plummet upon slim demand from US extruders.
4. US mills move orders of 3003 and 1100 scrap units to November.
More details in full report.
MEXICAN MARKET COMMENTARY
1. Mexico’s UBC and/or Class Scrap exports to Saudi, Germany, and Korea, have more than compensated for lower flows to the oversupplied US market.
2. UBC export prices decline.
3. NASAAC prices increase to a two-month high; secondary ingot prices in the region could stabilize ahead (US and Mexico).
More details in full report.