Copper scrap spreads hold firm as mart seeks direction

May 01, 2014 | 01:09 PM | Saranya Kapur

Tags  copper scrap, Comex, copper, scrap prices, Saranya Kapur

NEW YORK — Spreads on copper scrap remained unchanged this week, with market participants adopting a wait-and-see approach in response to volatility in the terminal market.

The May-delivery Comex copper contract settled at $3.0315 April 30 after reaching a seven-week high of $3.1205 per pound April 24 on disappointing gross domestic product (GDP) growth in the United States, which increased just 0.1 percent in the....

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