October 20, 2023
Executive Summary
USA MARKET COMMENTARY
1. TAKING OFF: Negotiations start for 2024 US extrusion scrap formulas.
2. BEARISH: Zorba comes under pressure as export buckles.
3. RESILIENT: Twitch trades up as scrap supply overshadows strike.
MEXICAN MARKET COMMENTARY
1. SLIGHTLY UP: 6061 scrap, painted extrusions, and prime replacement prices inch higher.
2. PRESSURED UP: Re-emerging consumer demand pushes UBC pricing higher.