Discounts for copper scrap grades were unchanged this week, but
market participants said that most buyers and sellers are
anticipating price volatility as the government emerges from a
The effects of the
shutdown were mostly being felt by scrap exporters, one copper
scrap seller said
"The Chinese thought
they would be able to buy things cheaper because of the
problems in the U.S. They have been lowering quotes to
below-market levels over the past two weeks," he said, adding
that most exporters were able to hold the line on prices.
"Everyone is watching to see what is going to happen now that
(the U.S. government is) back online."
Brass scrap tags also
were steady this week, with sources indicating that the market
had remained relatively quiet over the past week. Red brass
(No. 1 composition solids) held at $2.48 to $2.52 per pound,
composition borings and turnings at $2.45 to $2.48, radiators
at $2.15 to $2.16 and yellow brass solids at $2.10 to
All other secondary
grades were unchanged.