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US & Mexico Weekly Scrap Report (February 4, 2022)

Executive Summary

USA MARKET COMMENTARY

1. PROMPT SCRAP TIGHTNESS: Consumers offering higher prices for prompt delivery scrap units.

2. RISING SCRAP DEMAND: Secondaries looking for prompt loads of old sheet.

MEXICAN MARKET COMMENTARY

1. WAR FOR UBCs INTENSIFIES: Scrap dealers in Mexico pushing hard to secure UBC volumes.

2. PRICES ARE UP: Some regional hubs aggressively chasing after old sheet units.

More details in full report.