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US & Mexico Weekly Scrap Report (January 25, 2021)

COMMON ALLOY SCRAP DEMAND

Executive Summary

USA MARKET COMMENTARY

1. NOT BACKING OFF: US secondary market rally continues despite uncertainty.

2. COMMON ALLOY SCRAP DEMAND: US consumers booking prompt loads of 5052 and 3003 scrap.

3. EXTRUSION SCRAP SHORTAGE: Tighter discounts for all types of extrusion scrap.

4. LOWER PRICES: ACR scrap prices down on cooling export demand

MEXICAN MARKET COMMENTARY

GROWING SCRAP IMPORTER:
Mexico steps up scrap imports from the US.

More details in full report.