US & Mexico Weekly Scrap Report (November 10, 2023)
November 11, 2023
USA MARKET COMMENTARY.
1. DOWN TO A TRICKLE Turnings price rising as generation slumps.
2. GETTING NOWHERE: US UBC talks for 2024 business with no progress.
3. IN FLUX: US zorba prices increase but still near trough.
MEXICAN MARKET COMMENTARY.
1. MATING SEASON UNFOLDING: A380 negotiations for 2024 business gain traction.
2. COMPETITION EASES. 6063 scrap spot demand weakens, margins improve for secondaries.