Copper scrap prices fall as demand dries up

Sep 12, 2013 | 01:28 PM | Everdeen Mason

Tags  copper scrap, red brass, comex, copper scrap exports, Everdeen Mason

NEW YORK — Ingot makers’ red brass scrap prices continue to drop as demand for the metal dries up, market participants said.

"This is the biggest revenue change in my buying career," a copper scrap buyer said. "Ingot makers always wanted (red brass), but today they’re not going to buy it."

Red brass scrap is now in a range of $2.45 to $2.49 per pound, down from $2.46 to $2.50 previously, consumers, traders and sellers told AMM.....





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