US & Mexico Weekly Scrap Report (October 13, 2023)

Executive Summary

USA MARKET COMMENTARY

1. BABY STEPS: US scrap contract talks for 2024 start to slowly take shape. US 2024 contract talks have started to lead to deals on certain items such as EC chops and new, bare 6063 extrusions.

2. DWINDLING: Turnings get a lift from slower generation. US prices for high-grade turnings rose this week to....

3. STABILIZING: SFA prices find support after initial strike impact. US spot prices for A380.1 have remained unchanged in the past two weeks at...

MEXICAN MARKET COMMENTARY

SHORT TERM BOUNCE? Scrap dealers ask for higher UBC prices. Mexico’s UBC prices at the consumer level increased this week to a one-month high of...