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

Executive Summary

USA MARKET COMMENTARY

1. NOT HOLDING BACK: Despite lower LME US brokers hold their litho scrap prices.

2. US 5052 scrap prices continue trading at firm numbers.

MEXICAN MARKET COMMENTARY

SECONDARY DEMAND TO STAY WEAK: Alloy ingot and secondary scrap demand hit further

More details in full report.