Copper scrap mart ‘frozen,’ but prices remain steady
Nov 14, 2008 | 11:53 AM
| Tom Jennemann
Copper scrap pricing has stabilized during the past week, but business has slowed to a point that entropy has set in, according to producer and dealer sources.
"Everything is very quiet," one North American brass ingot maker said. "We're not running our furnaces today. We've reduced (production) to about 60 percent of capacity, and even with that we are easily keeping up. That's par for the course, unfortunately."
Demand for scrap from domestic consumers remains weak in many sectors, particularly those linked to the housing market. The ingot maker said that there is nervousness that companies up and down the supply chain will start going out of business.....
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