US & Mexico Weekly Scrap Report (October 17, 2022)

Executive Summary

USA MARKET COMMENTARY

1. FOUR-MONTH HIGHS: Twitch prices rising amid low generation.

2. NO DEMAND IN SIGHT: Lack of appetite for UBC units holding discounts unchanged.

MEXICAN MARKET COMMENTARY

1. DISTORTED: UBC prices in Mexico at the scrap dealer level widely misaligned with the regional market.

2. NO FURTHER DETAILS: Uncertainty reigns amid lack of official details on the announced ban on aluminum food packaging scrap.