Copper scrap supply crimp worsens

Mar 28, 2013 | 01:51 PM | Nathan Laliberte

Tags  copper scrap, brass scrap, Comex, Institute of Scrap Recycling Industries, ISRI, Nathan Laliberte

NEW YORK — Discounts for copper scrap were largely unchanged March 27, as solid demand continued to be overshadowed by a worsening supply outlook.

"Everyone I talk to across the country says flow is really low," one scrap trader said. "There seems to be a lot of uncertainty about when a steady supply of material will return."

Others said that the European economic crisis had caused declines on Comex and supply shortages in secondary markets. "I don’t care what the U.S. stock market is doing; there are serious global issues that need to be resolved," a second trader said.....

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