Copper scrap market expects difficult 4th qtr.
Oct 12, 2012 | 12:19 PM
| Barbara O'Donovan
NEW YORK Copper scrap market participants expect a difficult fourth quarter as orders continue to dwindle.
"Its going to be a tough rest of the year. There seems to be not much demand from China, and businesses herewhether its due to housing or whateverare down, too," one trader told AMM.
Spreads on brass mills No. 1 copper scrap in the United States widened to 9 to 11 cents per pound Thursday, leaving prices at $3.65. Meanwhile, brass ingot makers No. 1 scrap widened to a spread of 11 to 13 cents per pound, reaching $3.62 to $3.64.....
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