“[This] certainly is an unusual time. I’ve never seen anything like this in my lifetime,” one US scrap consumer source said. “Hopefully the May 4 start-up for many automakers will happen.”
Fastmarkets assessed the mixed low copper clips, buying price, delivered Midwest secondary smelters at 35-38 cents per lb and the mixed high copper clips buying price at 33-35 cents per lb, both down by 2 cents week on week.
Fastmarkets’ assessment of the mixed high zinc clips buying price slipped to 30-32 cents per lb and the mixed clips buying price dropped to 33-35 cents per lb, falling by 2 cents and 3 cents respectively from the previous assessment.
“There’s not much going on these days, everyone auto-related has pretty much settled into the beginning of May,” one scrap seller said. “There is still some peddler scrap...