February 20, 2023
Executive Summary
USA MARKET COMMENTARY
CAN DEMAND CONTRACTING
Contracting can sheet demand in North America (and across regions) is pushing down spot demand for UBCs, keeping the regional market in a surplus position and sustaining historical-wide discounts.
MEXICAN MARKET COMMENTARY
STRUGGLING
The Mexican scrap market is facing a contraction in domestic demand, limited export appetite, extended payment terms and cash flow constraints amid lackluster weak markets (B&C, cans and auto)