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