Brass scrap steady despite Comex drops

Feb 21, 2013 | 03:37 PM | Nathan Laliberte

Tags  copper scrap, brass scrap, Comex, red brass, brass ingot makers' No 1, Nathan Laliberte

NEW YORK — Brass scrap supply shortages have kept prices relatively unchanged despite a noticeable drop in terminal markets.

Prices for borings and turnings, radiators and yellow brass solids are steady, with market participants noting increased tightness on stronger demand.

"There are plenty of ready buyers out there," one trader said. "There are just not a lot of sellers willing to part with material right now."....

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