US & Mexico Weekly Scrap Report (July 2, 2021)
July 3, 2021
Executive Summary
USA MARKET COMMENTARY
1. STRONG DEMAND FOR CUTTER GRADES: Buyers narrowing spreads as demand for prompt units increases.
2. NARROWER 1100 SCRAP DISCOUNTS: US consumers strengthen demand for prompt deliveries of 1100 scrap.
MEXICAN MARKET COMMENTARY
WEAKNESS CONTINUES: Spot scrap business limited, especially for old cast units.
More details in full report.