August 13, 2021
Executive Summary
USA MARKET COMMENTARY
1. WELL SUPPLIED: Secondary smelters out of the scrap market, yards under financial stress.
2. STRONG DEMAND FOR 6061 TURNINGS: US brokers are purchasing 6061 turnings.
MEXICAN MARKET COMMENTARY
1. STRONG APETTITE FOR PRIMARY SCRAP: Prices for EC wire scrap and clean 6063 continue to rally.
2. TWO UBC TALES: Higher export prices, absent domestic demand.
More details in full report.