US & Mexico Weekly Scrap Report (September 2, 2022)

Executive Summary

USA MARKET COMMENTARY

1. NARROWER SPREADS: A356 scrap wheels and 6063 new bare scrap discounts tighten.

2. DOING A BIT BETTER: Demand for secondary scrap up as expected.

MEXICAN MARKET COMMENTARY

1. DISCONNECT: Mexico’s UBC prices remains way above regional market conditions.

2. MEXICO’S UPPER HAND: Mexican buyers paying above US market’s for A356 scrap wheels.