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US & Mexico Weekly Scrap Report (February 5, 2021)

Executive Summary

USA MARKET COMMENTARY

1. TIGHTNESS INTENSIFIES: US brokers push up bare 6063 extrusion scrap prices. 

2. NARROWER DISCOUNTS: Wheel scrap market tightens further.

3. STEADY PRICES: ACR prices stable amid solid domestic demand.

MEXICAN MARKET COMMENTARY

1. CASH FLOW ISSUES: Defaults and late payments in the Mexican market.

2. DOWNWARD ADJUSTMENT: Old cast prices softening temporarily.

More details in full report.