July 28, 2023
Executive Summary
USA MARKET COMMENTARY
1. MORE APPOINTMENTS. Appetite for August UBC deliveries slightly up, discounts unchanged.
2. WIDE DISCOUNTS CONTINUE. Common alloy scrap discounts above… cent/lb.
MEXICAN MARKET COMMENTARY
1. IMPORTS FROM THE US WINNING: Imported old cast units have the upper hand in Mexico’s Northeast Hub.
2. PROFIT SQUEEZE: Secondary billet producers under pressure across regions.