US copper scrap discounts narrow

Jun 13, 2013 | 05:42 PM | Nathan Laliberte

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

NEW YORK — Discounts for some copper scrap grades eased June 12, with sources noting that ongoing supply concerns and strong demand from overseas were serving to bolster prices.

"If a supplier has a good load of bare bright to ship, they can pretty much name their price," one copper scrap trader said. "But there hasn’t been a lot of scrap out there, so it doesn’t really matter. If Comex gets a nice bump, supply will open up a little bit and sellers will start offering material....

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