Copper scrap prices slip as demand eases

Nov 09, 2012 | 02:26 PM | Barbara O'Donovan

Tags  Copper scrap, market report, No. 1 copper scrap, No. 2 copper scrap, bare bright, red brass, turnings, radiators scrap prices

NEW YORK — Copper scrap prices eased Thursday as buyers sat out of the market.

Refiners No 1. copper scrap fell to $3.265 per pound from $3.335 per pound a week earlier, while refiners No. 2 copper scrap traded at $3.07 per pound vs. $3.135 per pound Nov. 1.

Bare bright prices are expected to fall in the coming weeks, with two of the major U.S. consumers reportedly sitting out of the market. ....

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