US copper scrap discounts decline

Jun 20, 2013 | 01:15 PM | Nathan Laliberte

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

NEW YORK — Discounts for some copper scrap grades slipped June 19 as market participants said that downward movement on Comex had caused spreads to tighten slightly.

Discounts for brass mill No. 1 copper scrap fell to 1 to 3 cents below Comex from 2 to 4 cents previously, putting prices at $3.11 to $3.13 per pound based on a July-delivery Comex copper contract settlement price of $3.141 per pound June 19.....

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