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US & Mexico Weekly Scrap Report (October 30, 2020)

A380 DISCOUNT

Executive Summary

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.