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US & Mexico Weekly Scrap Report (February 12, 2021)

Executive Summary

USA MARKET COMMENTARY

1. NASAAC RECEIVES INFLOWS FROM EUROPE: Secondary ingot arriving to the US from South Europe.

2. PRIMARY SCRAP TIGTHNESS: Discounts for EC 1350 wire and 1100 scrap narrow.

3. PROMPT SCRAP SHORTAGE: Several US brokers looking for MLC and painted siding.

MEXICAN MARKET COMMENTARY

1. PRIMARY SCRAP RALLY: Scrap prices for A356 wheels and cable jumping

2. MORE VOLUME AVAILABLE: Mexican consumers receiving more offers of twitch units.

More details in full report.