Copper scrap spreads widen as orders slow

Oct 05, 2012 | 02:02 PM | Barbara O'Donovan

Tags  copper scrap, brass scrap, bare bright, red brass, yellow brass, Comex, Barbara O'Donovan

NEW YORK — Copper scrap prices generally declined Thursday as buyers sat out of the market amid slowing orders and rising Comex copper prices.

Spreads on No. 1 brass mill copper scrap moved to 9 to 10 cents per pound from 8 to 10 cents previously, while spreads on refiners’ and rod mills’ No. 1 copper scrap widened to 20 to 22 cents per pound from 19 to 20 cents and No. 2 pushed....

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