Copper scrap discounts narrow on short supply

Mar 21, 2013 | 11:58 AM | Nathan Laliberte

Tags  copper, brass, copper scrap, brass scrap, scrap, Comex, Nathan Laliberte

NEW YORK — An ongoing copper scrap shortage and a decline in Comex copper prices caused discount spreads to narrow March 20, as availability concerns began to present significant headwinds for scrap dealers, sources said.

"Business has been miserable. I wish I could tell you there was something going on. People are banging on my door to buy material. ... I don’t have anything to sell them," one scrap trader said.

"There is nothing going on in people’s yards," a second trader said. "Everyone is calling around to see if the others are slow. I haven’t seen things this sparse in quite some time."....

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