Copper scrap market sluggish

Mar 27, 2014 | 05:40 PM | Saranya Kapur

Tags  copper scrap, Comex, bare bright, borings, turnings, China manufacturing, Saranya Kapur

NEW YORK — Copper scrap supply remained low as sellers continued to react to a sudden drop in Comex copper prices earlier in March.

The May-delivery Comex copper contract has recovered slightly in recent days, settling at $2.9935 per pound March 27, but remained 6.5 percent below March 5 levels.....

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