Seasonal restocking is tightening US UBC spreads after months of steady spreads

USA MARKET COMMENTARY.

1. STOCKING UP: UBC buyers tighten spreads going into winter.

2. ALTERNATIVES: US MLC catches more eyes in China.

3. A BIT WIDER: US alloy formula discounts widen for 2024.

MEXICAN MARKET COMMENTARY.

1. RESILIENT: 6063 scrap prices hold ground.

2. UP AGAIN: UBC buyers looking for more volume.