US & Mexico Weekly Scrap Report (April 30, 2021)
May 1, 2021
Executive Summary
USA MARKET COMMENTARY
1. WIDE AND WIDER: US UBC discounts post new record high at... cent/lb.
2. HOT DEMAND: 6061 turnings demand and prices continue to increase.
3. REPLACING PRIME: Rising demand for EC scrap as a replacement of prime.
4. RISING A356 SCRAP DEMAND. Furnace sweeteners in high consumer demand
MEXICAN MARKET COMMENTARY
1. BEARISH PRESSURE: Old cast price range and demand soften
2. EXTREME TIGHTNESS: Availability of 6063 scrap shrinks further
More details in full report.