No change in copper scrap discounts: market

Mar 07, 2013 | 02:54 PM |

Tags  copper, copper scrap, scrap supply, light copper, Comex, brass, scrap discounts, copper prices Nathan Laliberte

NEW YORK — Copper scrap discounts remained largely unchanged at midweek as an ongoing supply shortage created increasingly difficult market conditions, market sources told AMM.

"There is no material, and there are too many scrap dealers. ... Everybody is short. I am getting calls from people I have not heard from in years. You name it, they are looking for it. Prices are still pretty good, but I don’t have any metal to sell," one copper scrap trader said.....

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