US & Mexico Weekly Scrap Report (October 20, 2023)

Executive Summary

USA MARKET COMMENTARY

1. TAKING OFF: Negotiations start for 2024 US extrusion scrap formulas.

2. BEARISH: Zorba comes under pressure as export buckles.

3. RESILIENT: Twitch trades up as scrap supply overshadows strike.

MEXICAN MARKET COMMENTARY

1. SLIGHTLY UP: 6061 scrap, painted extrusions, and prime replacement prices inch higher.

2. PRESSURED UP: Re-emerging consumer demand pushes UBC pricing higher.