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US & Mexico Weekly Scrap Report (November 22, 2021)

Executive Summary

USA MARKET COMMENTARY

1. SLIGTHLY UP: US secondaries raise their prices on old cast.

2. WIDER DISCOUNTS FOR CUTTER GRADES: US consumers widening spreads for EC 1350.

MEXICAN MARKET COMMENTARY

1. UPPER HAND: Domestic UBC consumers outbidding the export market.

2. WIDE RANGE: Old cast price range widening.

More details in full report.