US copper scrap spreads tighten; brass prices rise

Copper and brass scrap markets in the United States have continued to feel the heat from strong overseas demand, which is prompting some domestic buyers to tighten discounts and raise prices to remain competitive.

Stricter non-ferrous scrap import regulations in China - including a new ban on imports of Category 7 copper scrap by the end of the year - have drastically shifted the nation’s intake of material to cleaner copper units from lower-grade items previously, marking a monumental transition in China's scrap consumption.

The ban will prohibit the import of scrap materials, including copper scrap under custom HS code 7404000010, as well as aluminium scrap under 7602000010, starting December 31, 2018....


Bradley MacAulay

April 20, 2018

02:45 GMT