Europe's copper scrap supply remains constricted

May 22, 2013 | 11:55 AM | Mark Burton

Tags  copper scrap, No. 1 copper scrap, No. 2 copper scrap, scrap discounts, European scrap, scrap supply, LME, Mark Burton

LONDON — European copper scrap supply remains tight despite rebounding copper prices since mid-April, market sources said.

Intensifying competition for material and lower overall scrap generation is keeping Europe’s copper scrap supply constrained, traders and consumers told AMM sister publication Metal Bulletin May 21.

Global copper scrap supply fell in April as prices dropped 11 percent on the London Metal Exchange. However, dealers in Europe haven’t yet released significant volumes of scrap back into the market following the recent price rebound, sources said.....

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