Copper scrap discounts widen
Sep 19, 2013 | 05:44 PM
| Everdeen Mason
NEW YORK Copper scrap discounts are approaching range highs as Comex price logs gains, likely due to the Federal Reserves decision to maintain its stimulus program, market participants said.
"I dont think scrap is getting cheaper, its just that when the price goes up theres more upward pressure on the (discount)," one copper scrap broker told AMM. "Its a response to the (Federal Reserve) not doing anything. We anticipated they would be buying less, but since theyre....
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