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