Copper scrap prices continue to slide

Dec 05, 2008 | 12:29 PM | Tom Jennemann

Copper scrap continued its free fall last week as the market remained frozen and primary copper threatened to dip below $3,000 a tonne.

"It's slow—very little business is being done," said one U.S.-based brass ingot maker. And when there is business, he said, customers are ordering only on a hand-to-mouth basis and at the last possible minute. "That puts everything on edge pretty much all the time."

No. 1 copper scrap fell by 18 cents a pound to $1.18 in the East and by 17 cents a pound to $1.16 in the Midwest, while No. 2 copper scrap fell by 19 cents a pound to $1.02 in the East and by 18 cents a pound to $1 in the Midwest.....





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