US & Mexico Weekly Scrap Report (October 30, 2020)
USA MARKET COMMENTARY
1. A380 DISCOUNTS GONE: 2021 contracts mostly offered at flat.
2. UBC flows seen tightening ahead.
3. EC wire scrap discounts narrow to... cent/lb.
4. Domestic supply of litho scrap is still tight.
MEXICAN MARKET COMMENTARY
TIGHTNESS INTENSIFIES: Mexico’s old cast prices jump to two-year highs, A380 trading as high as... cent/lb.
More details in full report.