US & Mexico Weekly Scrap Report (December 4, 2020)
USA MARKET COMMENTARY
1. NEW BARE 6063 SCRAP: Competition for units intensifies.
2. Irony extrusion demand rising further as buyers go lower on the scrap “food chain”.
3. ACR scrap price range continues to widen, brokers being more aggressive.
MEXICAN MARKET COMMENTARY
1. MEXICO UBC ALERT. Mexico’s UBC prices jump to new two-year highs.
2. Scrap buyers are overlapping for a number of items as tightness hit the market.
More details in full report.