Copper scrap discounts hold steady

Jul 25, 2013 | 05:12 PM | Nathan Laliberte

Tags  copper scrap, Comex, scrap discounts, No. 1 bare bright, scrap prices, Nathan Laliberte

NEW YORK — Discounts for most copper scrap grades were unchanged July 24 as market participants said ongoing supply shortages, especially for No. 1 bare bright, continued to buoy the market.

Brass ingot makers’ No. 1 bare bright copper scrap discounts were between zero and 3 cents per pound below Comex vs. 1 to 3 cents a week earlier, putting prices at $3.15 to $3.18 per pound....

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