Copper said unlikely to regain tubing share

Dec 01, 2008 | 05:59 AM | Anne Riley

Speculators might miss the days of skyrocketing copper prices, but for U.S. pipe and tube producers this summer's commodities boom wasn't all fun and games.

As prices peaked near $9,000 a tonne on the London Metal Exchange, a slew of formerly loyal end-users bid their farewell to the red metal and began to seek out cheaper substitutes, like plastic, to fill their residential plumbing needs.

But copper's fall back below $4,000 a tonne is unlikely to regain market share for the metal in the plumbing tube and fittings industry, according to a number of industry players.....

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