Copper scrap consolidation to rise: ISRI
May 09, 2014 | 07:28 AM
| Andrea Hotter
TUCSON, Ariz. Copper scrap industry consolidation is likely to step up as some companies rationalize their activities and start to sell less profitable units, Institute of Scrap Recycling Industries chief economist Joseph C. Pickard said.
The focus will be on the "3Ds: divert, decommission and diversify," he said at the American Copper Councils Copper College meeting in Tucson.
There are a number of reasons for this, including heightened competition for available feedstock domestically, as well as margin compression and excess capacity, Pickard, who is also ISRIs director of commodities, said.....
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