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US & Mexico Weekly Scrap Report (May 14, 2021)

Executive Summary

USA MARKET COMMENTARY

1. HIGH AND HIGHER: ACR scrap prices spike.

2. RECORD MILL PROFITABILITY: UBC discounts reach... cent/lb.

3. NOT RECEDING: US consumers hunting 6063 scrap units.

MEXICAN MARKET COMMENTARY

1. WIDENING RANGE: 6063 scrap prices showing exhaustion signs.

2. RISING TRUCK THEFTS: Booming metal prices making riskier to move metal across regions.

3. UBC DEMAND REMAINS WEAK: Mexico’s UBC market still in a soft patch.

More details in full report.