US & Mexico Weekly Scrap Report (April 22, 2022)
April 22, 2022
SECONDARY SCRAP PRICES DOWN
Executive Summary
USA MARKET COMMENTARY
1. SECONDARY SCRAP PRICES DOWN AS MARKET REMAINS LONG.
2. NARROWING: Competition for A356 scrap wheels increases.
MEXICAN MARKET COMMENTARY
1. THE SILENT WAR: Mexican scrap buyers are more active than ever in Texas.
2. SOFTENING: UBC and extrusion scrap prices down in Mexico amid lower MWTP and easing export pressure.