US & Mexico Weekly Scrap Report (September 9, 2022)

Executive Summary

USA MARKET COMMENTARY

1. TIGHTENING A BIT MORE: UBC discounts narrow as MWTP falls and demand improves slightly.

2. CUTTER GRADES: EC wire scrap discounts narrow slightly.

MEXICAN MARKET COMMENTARY

1. NOT THE TYPICAL MATING SEASON: Mating season set to be “unique”.

2. ADJUSTING DOWN: Mexico´s UBC prices fall back, competition eases.