Copper scrap discounts rise

Aug 01, 2013 | 05:46 PM | Nathan Laliberte

Tags  copper scrap, comex, No. 1 bare bright, Revere, Luvata, Nathan Laliberte

NEW YORK — Discounting for several copper scrap grades increased July 31 as tepid market activity and lower international demand, especially from Chinese consumers, brought the entire market down, market participants said.

"Everything is about a cent lower except for No. 1 bare bright, which is still super short. People will pretty much pay whatever you want for a straight load of bare bright," one copper scrap seller told AMM. "Companies (that can....

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