US & Mexico Weekly Scrap Report (August 13, 2021)

Executive Summary

USA MARKET COMMENTARY

1. WELL SUPPLIED: Secondary smelters out of the scrap market, yards under financial stress.

2. STRONG DEMAND FOR 6061 TURNINGS: US brokers are purchasing 6061 turnings.

MEXICAN MARKET COMMENTARY

1. STRONG APETTITE FOR PRIMARY SCRAP: Prices for EC wire scrap and clean 6063 continue to rally.

2. TWO UBC TALES: Higher export prices, absent domestic demand.

More details in full report.