Ammunition boosts brass product demand
Feb 06, 2013 | 03:19 PM
| Suzy Waite
Tags
Copper,
service centers,
automotive,
construction,
gun control laws,
ammunition,
brass,
FBI
Federal Bureau of Investigation
NEW YORK — Lead times for certain brass products used in ammunition shells remain extended to eight weeks and likely will stay there as consumers, fearing stricter gun regulations, continue to stockpile firearms, copper service centers sources told AMM.
"The ammunition business is booming," one service center source said. "We’re definitely seeing an increase on brass lead times. I’d say they’re between six to eight weeks."
"Mills are saying ammunition (sales) are very strong," a second service center source said. "People are panicking. They think guns will be harder to get. There’s some stockpiling going on." ....
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