Firm demand boosts some copper scrap

Oct 09, 2006 | 02:07 PM | Sean Barry

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

Excess stocks of material that 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 a pound to $2.14 in the East and $2.13 in the Midwest, while radiators also have nudged up 1 cent a pound to $1.69 in both the East and the Midwest.....

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