Comex drop drives copper scrap market pause

Aug 07, 2014 | 07:49 PM | Saranya Kapur

Tags  copper scrap, Comex, Saranya Kapur

NEW YORK — Spreads on some grades of copper scrap widened this week despite a nearly 8-cent-per-pound drop in terminal market prices, market sources told AMM.

"Bare bright (spreads) have widened out a bit as there doesn’t seem to be as much need for it right now," one scrap dealer said. "There have been a lot of shutdowns and people on vacation at the large mills."....

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