US & Mexico Weekly Scrap Report (August 23, 2021)

Executive Summary

USA MARKET COMMENTARY

1. HOT SCRAP ITEM: Strong demand for clean 6063 scrap.

2. HIGHER DEMAND FOR CUTTER GRADES. EC 1350 and other cutter grades’ discounts narrow further.

MEXICAN MARKET COMMENTARY

1. RECOVERING: Domestic UBC prices jump following up the export market.

2. YET HIGHER PRICES: Prices for clean and painted 6063 scrap continue to rally.

More details in full report.