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)
