US & Mexico Weekly Scrap Report (April 14, 2023)

Executive Summary

USA MARKET COMMENTARY

WORSENING. UBC spot demand falls further, discounts remain above 50 cent/lb.

MEXICAN MARKET COMMENTARY

1. PLUMMETING. Mexico´s UBC demand and prices falling sharply.

2. ON DEMAND. Demand for Scrap A356 wheels continues to support prices.