Copper scrap market slows, 2012 pickup eyed
Dec 22, 2011 | 01:26 PM
| Chris Prentice
Tags
copper scrap prices,
Comex prices,
No. 1 copper,
bare bright,
Chris Prentice
NEW YORK — The copper scrap market is grinding to a halt in the final days of 2011, leaving many hopeful that 2012 will bring a marked pickup in business, market participants told AMM.
"It’s a typical quiet, as most people don’t want to receive material before the first (of January)," one seller told AMM. "Whether it’ll be prolonged into the new year, I don’t know. We do have some orders on the books for the first few weeks of January, but it’s not gangbusters."....
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