US copper, brass scrap market resists price erosion

Copper and brass scrap prices in the United States have largely held steady over the past week, with sustained domestic and offshore competition helping to mitigate price erosion.

Copper scrap discounts were mostly flat week on week, aside from that for refiners No1 copper, which widened by a penny to 14-16 cents per lb, according to Fastmarkets AMM’s latest assessment on Wednesday March 27. All other discounts were unchanged. “We widened our spreads further to slow down purchasing. We’re in a wait-and-see mode, but there is still some competition from overseas buyers,” one US consumer said. The resurgence in offshore demand has provided temporary support to domestic No2 copper scrap prices, which jumped last...

Published

Bradley MacAulay

March 28, 2019

20:37 GMT

Pittsburgh