Lower grades of copper scrap rise on firm demand

Oct 09, 2006 | 05:54 AM | Sean Barry

Lower grades of U.S copper scrap have risen on firmer demand led by overseas consumers and a slight tightening in stocks.

Excess stocks of material that had built up during the slow summer months have been whittled down as export activity increases – underpinning prices, traders said.

Brass ingot makers' No. 1 composition solids have increased 1 cent to $2.14 a pound in the East and $2.13 a pound in the Midwest while radiators also have nudged up 1 cent to $1.69 a pound in both the East and the Midwest.....

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